56 58 East Street
Oneonta-City, NY 13820
- 7 beds
- 3 baths
- 1,926 sqft
- 5,663 sqft lot
- $176 per sqft
- 1900 build
- – on site
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
Last checked:
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Last updated Nov 1, 2024
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MLS# R1554296 —
The Building
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Year Built:1900
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Year Built Details:Existing
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Construction Materials:VinylSiding
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Roof:Shingle
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Basement:Full
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Basement:true
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Exterior Features:Fence
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Security Features:RadonMitigationSystem
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Building Area Total:1926.0
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Building Area Source:PublicRecords
Interior
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Furnished:Furnished
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Interior Features:ProgrammableThermostat
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Flooring:LuxuryVinyl,Varies,Vinyl
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Fireplace:false
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Laundry Features:CommonArea,WasherHookup
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Stories:3
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Stories Total:3
Room Dimensions
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Living Area:1,926 Sqft
Location
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Directions:Drive North up Maple Street, take a right on Center St. Turn left onto East Street. 56-58 East is the second house on the right past Cedar St.
The Property
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Property Type:Residential
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Property Subtype:MultiFamily
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Property Condition:Resale
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Parcel Number:361200-288-014-0003-029-000-0000
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Lot Features:NearPublicTransit,ResidentialLot
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Lot Size Dimensions:48X115
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Lot Size Acres:0.13
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Lot Size SqFt:5663.0
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Lot Size Area:0.13
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Lot Size Units:Acres
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Waterfront:false
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Fencing:Partial
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Road Frontage Type:CityStreet
Listing Agent
- Contact info:
- Agent phone:
- (607) 431-8181
- Office phone:
- (607) 431-8181
Taxes
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Tax Annual Amount:5693.0
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Tax Assessed Value:159000
Beds
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Bedrooms Total:7
Baths
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Total Baths:3
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Full Baths:3
Heating & Cooling
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Heating:Electric,Gas,Zoned,ForcedAir
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Heating:true
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Cooling:Zoned
Utilities
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Utilities:HighSpeedInternetAvailable,SewerConnected,WaterConnected
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Sewer:Connected
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Water Source:Connected,Public
Appliances
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Appliances:GasWaterHeater
Schools
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Elementary School District:Oneonta
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Middle Or Junior School District:Oneonta
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High School District:Oneonta
The Community
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Senior Community:false
Parking
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Parking Features:Common,TwoOrMoreSpaces
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
8/22/24
Aug 22, 2024
|
Price Changed | NYSAMLS | $339,900 | -8.1% |
|
7/31/24
Jul 31, 2024
|
Listed / Active | NYSAMLS | $369,900 |
