Charming 4 unit investment property located 3 blocks to downtown! Classic front porch lines offer nice curb appeal. Plenty of off-street parking. Tenants pay all utilities. Solid cash flow flow opportunity. Double digit Return on Investment, and rents have been historically low! Super opportunity. May be purchased with 4 family next door- 38-40 Cliff Street, a 10 bedroom fully occupied building. See MLS R1687928. 34-36 Cliff St: Total rents: $37,200 annually. Expenses: Taxes $4,596, Water/Sewr $700, Insurance $1,700, Trash $1,200, snow $375, Maintenance and Vacancy at 5% of gross $2,600. Total expenses $11,171. NOI $26,029. Mortgage cost $18,600 ($259,900, 20% down. 20 year amort, 6.25%), Net Income $7,429 / $51,980 (down payment) = 14.2% Return on Investment. Come take a look at this home offering generous square footage for each unit!
Listing By
Agency Name: Benson Agency Real Estate LLC
Agency Contact: 607-287-1559
Shown By
Agent Name: Kara Campbell
Agent Phone: (716) 445-4546
Agency Title: MJ Peterson Real Estate
Estimated Payment
$ 1,037.23 per month $578.42 Principal & Interest $383.00 Property Tax $75.80 Homeowner's Insurance
34-36 Cliff Street | MLS# R1687927
This home located at 34-36 Cliff Street , Oneonta, NY 13820 is currently listed for sale with an asking price of $259,900. This property was built in 1900 and has 4 bedrooms and 4 full baths with 2544 sq. ft. 34-36 Cliff Street is located within the Oneonta school district. Search Oneonta real estate on kcampbell.mjpeterson.com today.