Listing Details
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Turn right off exit 15 then left on main street. Right on grove Street and left onto Academy Street. Heading East on 88. Turn left off exit 16 onto Main Street. Left on Grove Street, right onto Academy Street.' 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Apt 1 Fully rented through May 2024. Apt 2 fully rented through May 2025. GROSS INCOME = $46,200/year (Apt 1 $2,655/month Apt 2 $1,200/month) and 13.27% Cap Rate. EXPENSES = $9,050.40. Land & School Taxes = $4,330.40. Insurance = $1,500. Heat/Electric = $2,000 (downstairs apt included only). Garbage = $500. Water/Sewer = $720. NET OPERATING INCOME = $37,149.60. Short term baseball rental area allowed and potential income of $36,000 additional income! Potential Gross of $80k+/year! Fully renovated duplex in 2021 offers 3 bedrooms / 2 full baths in Apt. 1 and 3 bedrooms / 1.5 baths in Apartment 2. Amenities include ample parking in the back, large deck, laundry in each unit, wood clapboard siding, new kitchens, bathrooms, freshly painted interior and exterior, new electrical and plumbing, and brand new vinyl plank floors throughout the first floor (carpeted second floor). Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has a dining area / room, spacious living rooms and bedrooms. Certificate of Compliance in place. Nice Cash Cow!' 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'firstname' => 'Agnieszka', 'lastname' => 'Bajan', 'company' => 'Empire Realty Group', 'position' => 'Associate Broker', 'bio' => 'Professional… Real Estate is my true passion! I’ve bought, sold, rented, leased, flipped residential and commercial properties during the 12+ years I’ve been a licensed Realtor in New York State. I know that once you have made a decision to buy or sell, you want to make it happen now. It's my goal to make your experience pleasant, comfortable and fun. I am flexible, committed and pride myself on being available on-your-schedule. When selling, my marketing strategy is personalized utilizing the latest up to date professional tools to best fit and showcase your property. When buying, I make sure you understand and see all possible options to best fit your budget and desired timeframe. My expertise and attention to detail will help you achieve your desired real estate goals. Bottom line…if you’re looking to buy or sell a home in the Greater Rochester Area call, text or email me today! My family… My wonderful husband Robert has been building trains for Alstom Transportation for the past 20 years. I am the mother of two actively involved children, Nadia and Alex. When I am not working Real Estate, I am their chauffeur. Aside from real estate… I am a yogi and I love to snow board during the winter months. Both of these activities keep me grounded, focused and appreciative of every moment we have on this beautiful planet. The finest compliment I can receive is a referral from you. 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Listing Details
Tax Assessment | $123,000.00 |
---|---|
Est. Annual Taxes | $4,329.00 |
Water Source | Connected,Public |
Sewer | Connected |
Days on market | 45 |
Cummulative Days on market | 45 |
Type | Duplex Residential |
Number of Units | 2 |
Elementary School | Oneonta |
Middle School | Oneonta |
High School | Oneonta |
Major Change | Pending |
Last Modified | Apr 30, 2024, 4:45 PM |
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Property Description
2 UNIT INVESTMENT PROPERTY. Apt 1 Fully rented through May 2024. Apt 2 fully rented through May 2025. GROSS INCOME = $46,200/year (Apt 1 $2,655/month Apt 2 $1,200/month) and 13.27% Cap Rate. EXPENSES = $9,050.40. Land & School Taxes = $4,330.40. Insurance = $1,500. Heat/Electric = $2,000 (downstairs apt included only). Garbage = $500. Water/Sewer = $720. NET OPERATING INCOME = $37,149.60. Short term baseball rental area allowed and potential income of $36,000 additional income! Potential Gross of $80k+/year!
Fully renovated duplex in 2021 offers 3 bedrooms / 2 full baths in Apt. 1 and 3 bedrooms / 1.5 baths in Apartment 2. Amenities include ample parking in the back, large deck, laundry in each unit, wood clapboard siding, new kitchens, bathrooms, freshly painted interior and exterior, new electrical and plumbing, and brand new vinyl plank floors throughout the first floor (carpeted second floor). Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has a dining area / room, spacious living rooms and bedrooms. Certificate of Compliance in place. Nice Cash Cow!
Details
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