16-18 Myrtle Avenue, Oneonta, NY 13820
- $1,100,000
- 5
- BD
- 6,534
- SqFt
- List Price
- $1,100,000
- Status
- ACTIVE
- Days on Market
- 90
- MLS#
- R1691809
- Subtype
- Multi Family
- Year Built
- 1982
- Bedrooms
- 5
- Living Area
- 6,534
- Acres
- 0.15
- MLS Area Major
- Oneonta
Property Description
Welcome to Hill City Student Rentals. This three-property rental portfolio is a complete, buttoned-up investment opportunity with strong immediate cash flow at an exceptional cap rate of around 9.5%. Whether you are a solo investor, an institutional investor, a student or a family member of a student, this is truly a great opportunity. Offered as a package, we have 32 Ford Avenue, 8 Franklin Street, and 16-18 Myrtle Avenue all in Oneonta, NY and all proven and up-to-date, and fully permitted student housing. 32 Ford is a 2-unit with a total of 5 bedrooms. 8 Franklin Street is a single-family 3-bedroom with potential for a 4th bedroom conversion. 16-18 Myrtle is a large duplex with a grandfathered 10-person occupancy rate. This combination of properties creates a very unique, turn-key portfolio with strong NOI. Available furnished and leased for the upcoming school year, this is an investment that will cash flow right out of the gates and is not an opportunity you will want to miss.
Additional Information
- Exterior Features
- Deck, Gravel Driveway
- Taxes
- $436,109
- Flooring
- Hardwood, Tile, Varies, Vinyl
- Appliances
- Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
- Heating
- Gas, Zoned
- Air Conditioning
- Zoned
- Stories
- 3
- Roof
- Shingle
- Parking Features
- Three or more Spaces, Driveway, No Garage
- School District
- Oneonta
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Listing courtesy of Land and Water Realty LLC. Contact: