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Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,538 sqft
Price per Sqft $263
MLS Listing ID R1711749
Style Other,See Remarks,Duplex,Triplex
Bedrooms 3
Full Baths 1
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $28,143
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 110X200
Property Sub-Type Multi Family
Property Description
The portfolio maintains a very low actual Vacancy rate, generating annual gross rental income of approximately $218,000 and net income in excess of $125,000. Offered at a capitalization rate of 10.54%, this package provides excellent current cash flow with additional potential through continued professional management, strategic improvements, and future rent growth.
Overall property conditions range from average to above average, with some deferred maintenance providing opportunities to further enhance curb appeal, value, and operating performance. Each property is conveniently situated within easy walking distance of local employment, shopping, dining, schools, and other community amenities—locations that help support consistent tenant demand and long-term occupancy.
Whether expanding an existing portfolio or making a substantial entry into the multi-family investment market, this offering provides a rare opportunity to acquire multiple income-producing properties in a single purchase. Strong historical occupancy, diversified unit count, desirable locations, and attractive financial performance combine to make this a noteworthy Central New York investment opportunity.
Owner Financing is not available. Seller is unable to break package or sell properties individually.
Location
State NY
County Chenango
Area New Berlin-Village-083801
Direction Multiple Locations
Rooms
Basement Full
Interior
Heating Electric, Gas, Baseboard, Forced Air, Radiator(s)
Flooring Carpet, Hardwood, Tile, Varies, Vinyl
Fireplace No
Appliance Electric Water Heater
Exterior
Exterior Feature Propane Tank - Leased
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Irregular Lot, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Other, See Remarks, Duplex, Triplex
Level or Stories Two
Structure Type Attic/Crawl Hatchway(s) Insulated,Blown-In Insulation,Vinyl Siding,Wood Siding
Construction Status Existing
Schools
School District Unadilla Valley
Others
Senior Community No
Tax ID 083801-088-110-0002-019-000-0000
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Nearby Locations
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Richard Santos
Licensed Real Estate Salesperson License ID: 10401324422
Licensed Real Estate Salesperson License ID: 10401324422