38-40 Cliff Street, Oneonta, NY

Name: 38-40 Cliff Street, For Sale in Oneonta - Zoocasa
Brand: Benson Agency Real Estate LLC
SKU: R1687928
Price: 375000 USD

Real Estate

For Sale

Listed price in listed location currency (USD).

$375,000

1040

MLS® R1687928

Overview

Key Facts

Type Multi Family

Levels Residential

Size 3104 sqft

Garage No

Taxes $5,946

Days Active 0

Lot Size 0.16 acres

Approx. Age 1900

Avg. Price Per Sqft $120

MLS® Number R1687928

Property Address: 38-40 Cliff Street, Oneonta, NY, 13820

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

Description

Quality maintained 10 bedroom 4 family home just minutes to downtown and city bus lines. May be purchased with home next door 34-36 Cliff St, a four family MLS R1687927. Utilities are separate. Ample rear parking area for tenants. 3100 sqft home features a spacious front enclosed entry porch for all tenants. Outside there is a rear 2nd floor deck for both 2nd floor tenants, and separate rear entry decks for each first floor tenants. Two 3 bedroom and two 2 bedroom units. Spacious apts all have generous square footage and closets, and all are equipped with dishwasher. Coin op laundry in basement. Home was completely gutted in the '90's so all electrical, plumbing, and wiring were done at that time. 38-40 Cliff St: Income: $51, 600 annually. Expenses: Taxes $6, 946, Water/Sewer $1, 700, Insurance $2, 200, Trash $1, 200, Snow $375, Maintenance and Vacancy at 5% of gross $3, 750, Total expenses: $16, 171. NOI $35, 429. Mortgage expense: $26, 316 ($375, 000, 20% down, $300k@ 6.25% for 20 yrs). Net Income $9113 / $75, 000 (down payment) = 12% Return on Investment.

MLS® NumberR1687928

Laundry Level

Central VacNo

FireplaceNo

Acreage0.16

Exterior

GarageNo

Approx. Age1900

BasementFull

DrivewayCommon, Gravel, Parking Available

Garage Spaces0

Heat

A/C

Heating Fuel

Extras

Map

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