56-58 East Street
$339,900
7
3
1,926
1,926
$176
Description
3 unit - 7 bedroom investment property. Student Rental. Currently LEASED for the 2024-2025 and 2025-2026 school years. Recently renovated and fully furnished. Apartments 1 and 2 each have 3 bedrooms and 1 full bath, while apartment 3 features 1 bedroom and 1 full bath. The property showcases new vinyl plank flooring throughout, complemented by some original wood floors, and offers basement access for laundry. Apartments 2 and 3 have been newly updated with new kitchen cabinets, granite countertops,...3 unit - 7 bedroom investment property. Student Rental. Currently LEASED for the 2024-2025 and 2025-2026 school years. Recently renovated and fully furnished. Apartments 1 and 2 each have 3 bedrooms and 1 full bath, while apartment 3 features 1 bedroom and 1 full bath. The property showcases new vinyl plank flooring throughout, complemented by some original wood floors, and offers basement access for laundry. Apartments 2 and 3 have been newly updated with new kitchen cabinets, granite countertops, and stainless steel appliances. Electrical upgrades have been completed throughout the building. The exterior boasts vinyl siding, replacement windows, and off-street parking. Conveniently located near downtown, the campus, and bus routes. CoC in place and the seller is a licensed real estate broker. This is an excellent opportunity for cash flow! 2024-2025 School Year GROSS INCOME: $39,850 (reduced rent)
24-25 NET OPERATING INCOME = $25,457
2025-2026 School Year GROSS INCOME: $61,100
25-26 NET OPERATING INCOME= $46,707
TOTAL EXPENSES: $14,393
Land & School Taxes=$5,693 Insurance = $1,500 Heat/Electric = $4,700 Cable/Internet = $1,200 Garbage = $500 Water/Sewer = $800
24-25 NET OPERATING INCOME = $25,457
2025-2026 School Year GROSS INCOME: $61,100
25-26 NET OPERATING INCOME= $46,707
TOTAL EXPENSES: $14,393
Land & School Taxes=$5,693 Insurance = $1,500 Heat/Electric = $4,700 Cable/Internet = $1,200 Garbage = $500 Water/Sewer = $800
- Listed by Timothy Sagasti • Dudley Realty IncP: (607)-431-8181 C: (607)-431-8181 tim@dudleyri.com
- Listed by Jeffrey M. Dudley • Dudley Realty IncP: (607)-431-8181 C: (607)-431-8181 jeff@dudleyri.com
Property Details for 56-58 East Street
On Waterfront
No
Parking DescriptionCommon, Two Or More Spaces
Nearest Cross StreetCedar St
LISTING UPDATED: 11/01/2024 02:31 PM
Property Details for 56-58 East Street
Status | Active |
---|---|
MLS # | R1554296 |
Days on Market | 95 |
Taxes | $5,693 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Residential |
Year Built | 1900 |
Lot Size | 0.13 AC / 5,663 SF |
County | Otsego County |
Building Information for 56-58 East Street
Stories3Residences3Year Built1900Building Size-Lot Size0.13 AC / 5,663 SF
Property Information for 56-58 East Street
Property History for 56-58 East Street
Date | Event & Source | Price | Appreciation |
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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 56-58 East Street
Taxable ValueLand$14,100Additions$144,900Total$159,000
Home Facts
Baths3Total Finished SqFt1,926 SqFtAbove Grade Finished SqFt1,926 SqFtStories2Lot Size5,663 SqFtStyleTriplexYear Built1900Year Renovated1980Zoning140CountyOTSEGOAPN361200 288.14-3-29
Schools near 56-58 East Street
This home is within Oneonta City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 6 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Valleyview Elementary School PublicK to 5 | ||
Oneonta Middle School Public6 to 8 | ||
Oneonta Senior High School Public6 to 12 | ||
Riverside Elementary School PublicK to 5 |
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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