2 UNIT INVESTMENT PROPERTY. Student rental ready. Just renovated and fully furnished! Now showing for the 23-24 school year!
16.59% Cap Rate
POTENTIAL GROSS INCOME = $63,000
EXPENSES = $13,217
Land & School Taxes = $5,717
Insurance = $1,500
Heat/Electric = $3,500
Cable/Internet = $1,200
Garbage = $500
Water/Sewer = $800
POTENTIAL NET OPERATING INCOME = $49,782
Large fully furnished duplex offers 3 bedrooms in Apt. 1 and 4 bedrooms in Apartment 2. Amenities include laundry in each unit, vinyl siding, newly painted, electrical upgrades and brand new vinyl plank floors throughout. Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has an eat-in kitchen with a table and chairs. Each spacious living room has 2 couches, coffee and end tables, entertainment center, and a 55 flat screen TV! Apt. 1 has one bedroom downstairs, two bedrooms, laundry and two full bathrooms upstairs. Apt. 2 has one bedroom and a full bathroom downstairs. Upstairs there are three bedrooms, laundry, and a full bathroom. Certificate of Compliance in place. Seller is a licensed real estate broker. Nice Cash Cow!
Closed
$270,000
114-116 Spruce St, Oneonta, NY 13820
7beds
2,724sqft
Duplex, Multi Family
Built in 1925
-- sqft lot
$323,700 Zestimate®
$99/sqft
$1,594 Estimated rent
Home value
$323,700
$298,000 - $353,000
$1,594/mo
Zestimate® history
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$1,804/mo
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$1,804/mo
Est. payment
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List your homeWhat's special
Fully furnishedClose to bus routesNewly paintedEnd tablesEntertainment centerVinyl sidingEat-in kitchen
Zillow last checked:
Listing updated:
Listed by:
Timothy Sagasti (607)431-8181,
Dudley Realty Inc,
Jeffrey M. Dudley 607-431-8181,
Dudley Realty Inc
Bought with:
Timothy Sagasti, 10401260206
Dudley Realty Inc
Source: NYSAMLSs,MLS#: R1461273
Originating MLS: Otsego-Delaware
Originating MLS: Otsego-DelawareFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Gas, Forced Air
Appliances
- Included: Gas Water Heater
Features
- Flooring: Luxury Vinyl
- Basement: Full
- Has fireplace: No
- Furnished: Yes
Interior area
- Total structure area: 2,724
- Total interior livable area: 2,724 sqft
Property
Parking
- Parking features: No Driveway
Features
- Levels: Two
- Stories: 2
Lot
- Size: 3,049 Square Feet
- Dimensions: 45 x 70
- Features: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Details
- Parcel number: 288.18245
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Roof: Shingle
Condition
- Resale
- Year built: 1925
Utilities & green energy
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: High Speed Internet Available, Sewer Connected, Water Connected
Community & HOA
Location
- Region: Oneonta
Financial & listing details
- Price per square foot: $99/sqft
- Tax assessed value: $165,000
- Annual tax amount: $5,716
- Date on market: 3/24/2023
- Cumulative days on market: 55 days
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 9/13/2023 | Sold | $270,000-9.7%$99/sqft |
Source:  NYSAMLSs #R1461273 Report a problem | ||
| 5/19/2023 | Pending sale | $299,000$110/sqft |
Source: NYSAMLSs #R1461273 Report a problem | ||
| 3/24/2023 | Price change | $299,000-45.6%$110/sqft |
Source: NYSAMLSs #R1461273 Report a problem | ||
| 12/21/2022 | Listed for sale | $550,000+298.6%$202/sqft |
Source: ODBR #137242 Report a problem | ||
| 11/2/2005 | Sold | $138,000+112.3%$51/sqft |
Source: Public Record Report a problem | ||
| 7/31/1998 | Sold | $65,000$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $165,000 |
| 2024 | -- | $165,000 |
| 2023 | -- | $165,000 |
| 2022 | -- | $165,000 |
| 2021 | -- | $165,000 |
| 2020 | -- | $165,000 |
| 2019 | -- | $165,000 |
| 2018 | -- | $165,000 |
| 2017 | $7,583 +23.4% | $165,000 |
| 2016 | $6,147 | $165,000 +129.2% |
| 2015 | -- | $72,000 |
| 2014 | -- | $72,000 |
| 2013 | -- | $72,000 |
| 2012 | -- | $72,000 |
| 2011 | -- | $72,000 |
| 2010 | -- | $72,000 |
| 2009 | -- | $72,000 |
| 2008 | -- | $72,000 |
| 2007 | -- | $72,000 |
| 2006 | -- | $72,000 |
| 2005 | -- | $72,000 |
| 2004 | -- | $72,000 |
| 2003 | -- | $72,000 +10.8% |
| 2002 | -- | $65,000 |
| 2001 | -- | $65,000 |
| 2000 | -- | $65,000 |
Find assessor info on the county website
Neighborhood: 13820
Nearby homes
- $--3 bd2 ba1.5k sqft116 Spruce St #1, Oneonta, NY 13820Off Market
- $--4 bd2 ba1.5k sqft114 Spruce St #2, Oneonta, NY 13820Off Market
- $---- bd-- ba-- sqft114 Spruce St, Oneonta, NY 13820Off Market
- $177,5005 bd2 ba1.6k sqft118 Spruce St, Oneonta, NY 13820Off Market
- $--3 bd1 ba900 sqft118 Spruce St #1, Oneonta, NY 13820Off Market
- $--2 bd1 ba900 sqft118 Spruce St #2, Oneonta, NY 13820Off Market
- $203,3004 bd1 ba1.3k sqft112 Spruce St, Oneonta, NY 13820Off Market
- $139,3002 bd1 ba1.1k sqft24 Yager Ave, Oneonta, NY 13820Off Market
Nearby schools
GreatSchools rating
- 4/10Valleyview Elementary SchoolGrades: K-5Distance: 0.6 mi
- 3/10Oneonta Middle SchoolGrades: 6-8Distance: 0.7 mi
- 6/10Oneonta Senior High SchoolGrades: 9-12Distance: 0.7 mi
Schools provided by the listing agent
- District: Oneonta
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- New York
- Otsego County
- Oneonta
- 13820
- 114-116 Spruce St
Nearby cities
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Other Oneonta Topics
