5 West Main Street
Description
the apartment are a mix of loft, studio, and 1-3 bedroom units. The CAP rate is well over 8% and with future expansion the cap rate can be well over 13% The owner bought...A piece of the City without living in the City! Completely renovated 5 story professional building with over 29000 sq ft with 15 rentals,CONSISTING OF 13 apartments including a luxury duplex penthouse suite AND 2 commercial rentals, All units have been fully rented for the past 15 years to present. A new Otis elevator services Bldg
the apartment are a mix of loft, studio, and 1-3 bedroom units. The CAP rate is well over 8% and with future expansion the cap rate can be well over 13% The owner bought a shell of a building in 2004 and designed the apartments and spaces with the potential for further development . All expenses and rent will be disclosed upon request. Please see the 360 links below
the building was originally built as an opera house then it became the local post office, and then taken over by the masons in the early 1900"s. In more recent times the building was owned by a local attorney until the current owner developed it into apartments and commercial space
Thiis is a turn key operation and is in mint condition. All newer mechanicals : heating, electrical Coin operated laundry on each floor, new roof & more
Dramatic views of the Mohawk Valley!
- Listed by Thalia Collis • Berkshire Hathaway CNY RealtyP: (315)-373-0440 C: (315)-374-7278 tcollis@bhhscnyrealty.com
Property Details for 5 West Main Street
Property Details for 5 West Main Street
| Status | Active |
|---|---|
| MLS # | S1557092 |
| Days on Market | 115 |
| Taxes | $21,488 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Commercial |
| Year Built | 1878 |
| Lot Size | 0.13 AC / 5,663 SF |
| County | Chenango County |
Building Information for 5 West Main Street
Property Information for 5 West Main Street
- Accessibility: Accessible Doors
- Elementary School District: Norwich
- High School District: Norwich
- Middle Or Junior School District: Norwich
- Village: Not Applicable
- Human YN: Yes
- Garage Spaces per Apt: .00
- Garage YN: No
- Area NYSWIS Code: Norwich-City-081100
- Tax Annual Amount: $21,488.00
- Virtual Tour URL Branded: https://app.cloudpano.com/tours/JEzeSZQk79
- Virtual Tour URL: https://www.propertypanorama.com/instaview/syr/S1557092
- Virtual Tour 3 D: https://app.cloudpano.com/tours/2TgSzeFOzg?sceneId=8LF83vKAf
- Aerial Drone Video: https://app.cloudpano.com/tours/9Mux5cwZYi?sceneId=B7rnuGrni8
- Building Area Source: Public Records
- Building Area Total: 34742.0
- Land Features: Near Public Transit, Residential Lot
- Num Of Acres: 0.13
- Lot Size Area: 0.13
- Lot Size Square Feet: 5663.0
- Lot Size Units: Acres
- Parcel Number: 081100-136-560-0002-004-000-0000
- Road Frontage: City Street
- Lot Number: 4
- Property Condition: Resale
- Senior Community YN: No
- Assessed Value: $275,000
- Year Built: 1878
- Year Built Description: Existing
- Property Sub Type Additional: Commercial, Other
- Electric Service: Circuit Breakers
- Sewer Description: Connected
- Utilities Available: Sewer Connected, Water Connected
- Water Supply: Connected, Public
- Community Features: Elevator, Laundry Facilities
- Construction Materials: Brick, Frame, Copper Plumbing
- Roof Description: Membrane, Rubber
- Appliances: Gas Water Heater
- Basement Description: Full
- Basement YN: Yes
- Num Of Possible Bedrooms: 10
- Num Fireplaces Total Calculated: 0
- Fireplace YN: No
- Floor Description: Carpet, Ceramic Tile, Hardwood, Varies
- Heating: Gas, Forced Air
- Heating YN: Yes
- Laundry Features: Common Area, Coin Operated
- Sq Ft Total: 34742.0
- Main Level Bathrooms: 0
- Number Of Units Total: 17
- Operating Expense Includes: Insurance, Other, See Remarks, Trash, Water Sewer
- Stories: 5
- Stories Total: 5
- Rent Includes: Other, See Remarks
- Lease Amount Per Area Unit: Dollars Per Square Foot
Property History for 5 West Main Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5 West Main Street
Schools near 5 West Main Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 2 | |||
| Public - | 3 to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Stanford J Gibson Primary School PublicPK to 2 | ||
Perry Browne Intermediate School Public3 to 5 | ||
Norwich Middle School Public6 to 8 | ||
Norwich High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Berkshire Hathaway CNY Realty
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