56-58 East Street, Oneonta-City home/condo for sale | R1554296

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3 UNIT - 7 BEDROOM INVESTMENT PROPERTY. Student Rental. Currently LEASED for the 2024-2025 and 2025-2026 school years. Recently renovated and fully furnished. Apartments 1 and 2 each have 3 bedrooms and 1 full bath, while apartment 3 features 1 bedroom and 1 full bath. The property showcases new vinyl plank flooring throughout, complemented by some original wood floors, and offers basement access for laundry. Apartments 2 and 3 have been newly updated with new kitchen cabinets, granite countertops, and stainless steel appliances. Electrical upgrades have been completed throughout the building. The exterior boasts vinyl siding, replacement windows, and off-street parking. Conveniently located near downtown, the campus, and bus routes. CoC in place and the seller is a licensed real estate broker. This is an excellent opportunity for cash flow! 2024-2025 School Year GROSS INCOME: $39,850 (reduced rent) 24-25 NET OPERATING INCOME = $25,457 2025-2026 School Year GROSS INCOME: $61,100 25-26 NET OPERATING INCOME= $46,707 TOTAL EXPENSES: $14,393 Land & School Taxes=$5,693 Insurance = $1,500 Heat/Electric = $4,700 Cable/Internet = $1,200 Garbage = $500 Water/Sewer = $800

House located at 56-58 East Street. It has 7.00 beds, 3.00 bathrooms, and is 1926 square feet. The property was built in 1900. 56-58 East Street is in the Oneonta-City neighborhood.

Listed by: Dudley Realty Inc

Property Description

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