41 Fairview ST Oneonta, NY 13820
4 Beds
4 Baths
3,494 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 3,494 sqft
Price per Sqft $71
MLS Listing ID R1720668
Style Fourplex
Bedrooms 4
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1940
Annual Tax Amount $5,528
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 60X220
Property Sub-Type Multi Family
Property Description
Well-maintained four-apartment property offering four desirable one-bedroom apartments, making this an easy-to-rent investment with excellent cash flow. The property features a deep lot and an impressive 8-car garage, providing abundant off-street parking and valuable additional rental/storage possibilities.
Each apartment offers comfortable living space, and the property is currently occupied by month-to-month tenants, providing flexibility for an investor. Improvements include a newer furnace, updated electrical service, newer insulation, and a durable metal roof.
There is additional income with a commercial washer and dryer on site. Approximately $2000 from laundry and $2400 from the extra garages.
The property has/will have a Certificate of Compliance and has been cared for as a solid income-producing property. Convenient Oneonta location close to shopping, schools, SUNY Oneonta, Hartwick College, downtown. Solid opportunity for an investor looking for strong income, easy rentals, and excellent upside potential. The combination of four apartments, eight garages, a deep lot and commercial laundry makes this an especially attractive investment property with almost 12% cap rate and the owner would consider owner financing with a substantial downpayment.
Location
State NY
County Otsego
Area Oneonta-City-361200
Rooms
Basement Full
Interior
Heating Gas, Hot Water
Flooring Carpet, Hardwood, Varies
Fireplace No
Appliance Gas Water Heater
Laundry Common Area
Exterior
Garage Spaces 8.0
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Metal
Garage Yes
Building
Lot Description Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Shake Siding,Spray Foam Insulation,Vinyl Siding
Construction Status Existing
Schools
School District Oneonta
Others
Senior Community No
Tax ID 300.9-1-4
Acceptable Financing Cash, Conventional, FHA, Owner Will Carry
Listing Terms Cash, Conventional, FHA, Owner Will Carry
Special Listing Condition Standard