With affordable rentals in such high demand in the Mohawk Valley, owning residential apartment rentals is a terrific way to build your portfolio. There is a resurgence of building in this area that include cool lofts, condos, town houses, and executive apartments. But where do the 'regular' people live? There will always be a shortage of affordable rentals. 9934 State Route 46 in Westernville is a great opportunity in so many ways. It sets in a very desirable School District...Holland Patent. It is minutes to the metros of Rome and Griffiss Business Park. It has 4 units in the building that are consistently rented. AND...plenty of parking for the tenants. Yearly gross income is just under $25,000. Very few investments bring that kind of return. Many maintenance updates have been done over the years to include steel roof and replacement windows. The 4 units are comprised of: a one bedroom unit on the 1st level, a 2 bedroom unit on the first level, a 2 bedroom unit on the 2nd level, and a studio on the 2nd level. Washer and Dryer hookups are in 3 units. Seller owns the stove and refrigerators in each unit and they will convey with the sale. 2 parcels included in sale.
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