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.
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.
