56-58 East Street

Oneonta, NY 13820

$339,900
Price
7
Beds
3
Baths
1,926 Sq. Ft.
$176 / Sq. Ft.
1,926
Sq. Ft.
$176
per Sq. Ft.

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
  1. Listed by Timothy Sagasti • Dudley Realty Inc
    P: (607)-431-8181 C: (607)-431-8181 tim@dudleyri.com
  2. Listed by Jeffrey M. Dudley • Dudley Realty Inc
    P: (607)-431-8181 C: (607)-431-8181 jeff@dudleyri.com

Property Details for 56-58 East Street

On Waterfront
No
Parking Description
Common, Two Or More Spaces
Nearest Cross Street
Cedar St
LISTING UPDATED: 11/01/2024 02:31 PM

Property Details for 56-58 East Street

StatusActive
MLS #R1554296
Days on Market109
Taxes$5,693 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Residential
Year Built1900
Lot Size0.13 AC / 5,663 SF
CountyOtsego 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

Summary
Location and General Information
  • Elementary School District: Oneonta
  • High School District: Oneonta
  • Middle Or Junior School District: Oneonta
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Oneonta-City-361200
  • Tax Annual Amount: $5,693.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 1926.0
  • 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: 361200-288-014-0003-029-000-0000
  • Road Frontage: City Street
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $159,000
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Num Of Electric Meters: 3
  • Num Of Gas Meters: 3
  • Sewer Description: Connected
  • Utilities Available: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding
  • Exterior Features: Fence
  • Fencing: Partial
  • Roof Description: Shingle
  • Security Features: Radon Mitigation System
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 7
  • HVAC Type: Zoned
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Luxury Vinyl, Varies, Vinyl
  • Furnished: Furnished
  • Heating: Electric, Gas, Zoned, Forced Air
  • Heating YN: Yes
  • Interior Features: Programmable Thermostat
  • Laundry Features: Common Area, Washer Hookup
  • Sq Ft Total: 1926.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $39,850.00
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Operating Expense Includes: Electric, Fuel, Insurance, Maintenance Structure, Snow Removal, Trash, Utilities, Water Sewer
  • Stories: 3
  • Stories Total: 3
Unit 1
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: ,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $900.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 900
Unit 2
  • Unit Type Actual Rent: $1,133.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: ,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $1,133.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1133
Unit 3
  • Unit Type Actual Rent: $1,437.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: Oven/ Range,Refrigerator,Dining Area With Kitchen,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $1,437.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1437
Rental
Rental Information
  • Rent Includes: All Utilities, Electricity, Gardener, Heat, Hot Water, Snow Removal, Trash Collection, Cable Tv, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 56-58 East Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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56-58 East Street is a multi-family home for sale in Oneonta, NY 13820. This property was listed for sale on July 31, 2024 by Dudley Realty Inc, it's currently listed at $339,900. It has been on the market for a total of 109 days and was last sold on February 27, 2023. This listing's school district is Oneonta City School District. Nearby schools include Valleyview Elementary School, Oneonta Middle School and Oneonta Senior High School. 56-58 East Street is a 7-bed, 3-bath, 1,926 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Dudley Realty Inc

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