Zoocasa Realty Inc., Brokerage

16 Elm St, Norwich, NY

Name: 16 Elm St, For Sale in Norwich - Zoocasa
Brand: Keller Williams Upstate NY Properties
SKU: R1724460
Price: 925000 USD

House

For Sale

Listed price in listed location currency (USD).

$925,000

620

MLS® R1724460

Overview

Key Facts

Type Multi Family

Levels Residential

Size 3200 sqft

Garage

Taxes $22,450

Days Active 12

Lot Size 0.08 Acres

Approx. Age 1890

Avg. Price Per Sqft $289

MLS® Number R1724460

Property Address: 16 Elm St, Norwich, NY, 13815-1616

Average square foot calculated using Size range provided by listing agent.

Description

Well established investor portfolio with strong occupancy and income history. This offering includes seven residential properties Norwich, NY with a total of 11 units - four 2-unit multi-families and three single family residences. The portfolio has also maintained very low vacancy and generates $147, 600 in annual gross rental income, with net income of $84, 300 (total expenses including 15% factor for Maintenance/Reserve/Vacancy). At a projected 9.12% capitalization rate it offers substantial current income along with potential to improve performance through property updates and future rent growth, or disposition of single family homes at a higher value than an investor rate may support. Property conditions are generally average, with some deferred maintenance presenting opportunities for an investor to add value. Each property is located within walking distance of local employers and everyday amenities, supporting continued rental demand. For a buyer seeking to expand an existing portfolio or acquire multiple income-producing properties in one transaction, this package merits a closer look.

MLS® NumberR1724460

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1890

BasementFull, Partial

DrivewayCommon, Two Or More Spaces

Garage Spaces

HeatElectric, Gas, Baseboard, Forced Air, Hot Water

A/C

Extras

Map

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Zoocasa Realty Inc., Brokerage

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The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.

eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

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