2 UNIT - 6 BEDROOM INVESTMENT PROPERTY. Student Rental. Currently LEASED for the 2024-2025 and 2025-2026 school years.
This recently renovated and fully furnished duplex features 3 bedrooms and 1 full bath along with laundry in each unit. It has new kitchens, baths, electrical, plumbing, sheetrock, interior and exterior paint and vinyl plank flooring throughout. Conveniently located near downtown, the campus, and bus routes. A Certificate of Compliance just issued, and the seller is a licensed real estate broker. This is an excellent opportunity for cash flow!
2024-2025 School Year: GROSS INCOME: $40,100. Currently advertising for one open bedroom for the spring semester, potential $3,500 more (discounted).
24-25 NET OPERATING INCOME = $ 29,318
2025-2026 School Year: GROSS INCOME: $47,125. Currently advertising for one open bedroom for the spring semester, potential $3,875 more (discounted).
25-26 NET OPERATING INCOME= $36,343
TOTAL EXPENSES: $10,782:
Land & School Taxes = $3,282, Insurance = $1,500, Heat/Electric = $3,500, Cable/Internet = $1,200, Garbage = $500, Water/Sewer = $800
30 Church Street, Oneonta, NY 13820, is a 6 bedroom, 2 bathroom, 1976 sqft. Duplex built in 1900.
This property is currently available for sale and was listed on Greater Rochester Association of REALTORS® on 10-7-2024.
The MLS# for this Duplex is MLS# R1570009.
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