This is an excellent opportunity for an investor to purchase this multi-unit rental in a central location on Route 20, which offers the monthly income potential of $850/900+ per unit. Two of the potential four units have been recently remodeled, with new sheetrock, nice wood floors, carpeting, laminate flooring, and freshly painted. Both are approximately 900 square feet each, one on the first floor and the other on the second floor. Both are currently rented. The first floor apartment has an additional porch/sunroom. Both rental units have 2 beds and 1 bath and the kitchen appliances as well as washers and dryers all stay with the property. Each unit is on its own separate meter and hot water tanks. Vinyl replacement windows have been installed throughout the entire house. The flat rubber roof has been maintained annually. In addition there is a back patio with firepit as well as a flat area towards the upper part of the property providing an open spot for outdoor recreation and entertaining. On the other side of the house, there is the opportunity to renovate a large rental unit with 4 bedrooms and 2 baths or break the space into 2 additional rental units - each 2 bedroom and 1 bath. This space is mid-renovation, having already been gutted, framed, with 1/2 of the electrical wiring already completed and insulation has been purchased and ready to be installed. Another option is to complete the renovation for the new owner's living area with rental from the other units helping cover the mortgage and expenses. This property has a long, solid history of rental income. This property is conveniently located on Route 20 and is centrally located within commuting distance to Utica, Rome, Hamilton, Morrisville and even Syracuse. There is parking for 6 cars and a small woodlot on the property. Dont' miss this opportunity to invest in a rental property with great potential and a solid rental history.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
