$275,000
$299,000
8.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4,250 SqFt
SOLD DATE : 05/10/2024
Key Details
Sold Price $275,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,250 sqft
Price per Sqft $64
MLS Listing ID R1508619
Sold Date 05/10/24
Bedrooms 7
Construction Status Existing
HOA Y/N No
Year Built 1950
Annual Tax Amount $7,976
Lot Size 8,712 Sqft
Acres 0.2
Lot Dimensions 70X115
Property Description
FULLY RENNOVATED 7-unit home. This property is an exceptional income generator with a gross annual income of over $67,000. Each unit, along with the home's exterior, has been renovated this year. Located directly across from the county building and within walking distance of Main Street, it is a desirable location for the area and makes finding new tenants very easy. The current owner often has a waitlist of people who are waiting for a unit to open up. This would make a fantastic addition to any portfolio as an investment property, but being conveniently located allows it also to be an attractive option for an owner-occupant. Income and expense reports are available upon request.
Location
State NY
County Chenango
Area Norwich-City-081100
Direction From Norwich: Turn onto Fair St from North Broad St (Route 12); the house is the third house on the right, two blocks up.
Rooms
Basement Full
Interior
Heating Gas, Wall Furnace
Flooring Ceramic Tile, Hardwood, Other, See Remarks, Varies, Vinyl
Furnishings Unfurnished
Fireplace No
Appliance Electric Oven, Electric Range, Gas Water Heater, Refrigerator
Exterior
Exterior Feature Awning(s), Gravel Driveway
Utilities Available Sewer Connected, Water Connected
Waterfront No
Roof Type Shingle
Handicap Access Accessible Approach with Ramp
Parking Type One Space, No Garage
Garage No
Building
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Frame,Stone,Stucco,Vinyl Siding,Wood Siding
Construction Status Existing
Schools
Elementary Schools Stanford J Gibson Primary
Middle Schools Norwich Middle
High Schools Norwich High
School District Norwich
Others
Senior Community No
Tax ID 136.48.-1-36
Acceptable Financing Cash, Other, See Remarks
Listing Terms Cash, Other, See Remarks
Financing Cash
Special Listing Condition Standard
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Bought with Keller Williams Upstate NY Properties