Active

7-9 Weidman Place
Oneonta-City, NY 13820

$595,000
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Property Description

6 UNITS, 16 BEDROOMS, 7 BATHROOMS! GREAT LOCATION, solid rental history, close to both colleges, a block to bus stop, great parking, short walk to Main Street. 3 two bedrooms, 2 three bedrooms, 1 four bedroom, all furnished. Boiler new 2010. Common laundry in basement, as well as 2 laundry areas upstairs (new 2017 & 2023). COC in place. Includes 2 parcels, 2nd tax map# 288.17-3-16. RENTS: Apt 1- 12 month lease, $1000 month, 2 bedrooms, rented thru 7/31/24. Apt 2 - $3600 per student/per semester, 2 bedrooms, rented for 23-24. Apt 3 - $3600 per student/per semester, 3 bedrooms. (1 bedroom was vacant fall 2023, 2 bedrooms are vacant Spring 2024, Apt 4 - $3600 per student/per semester, 2 bedrooms, rented 2023-24. Apt 5 - $3600 per student/per semester, 3 bedrooms, rented 2023-24. Apt 6 - $3250 per student/per semester, 4 bedrooms, vacant until March-rented for 2 months @$1200 per month. 2023 Income was $93,238, Expenses were $76,860. 2023 expenses include new laundry area and new sewer line to the street along with other improvements. The 2022 income was $100,865, expenses were $49,470. The 2021 Income was $124,624. 2021 expenses were $62,190. EXPENSES include a 10% management fee.

Details

Utilities: High Speed Internet Available, Sewer Connected, Water Connected
Appliances: Dryer, Exhaust Fan, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Range Hood, Washer
Flooring: Carpet, Hardwood, Varies, Vinyl
Basement: Finished
Laundry: Common Area
Heating: Gas, Steam
Exterior Features: Blacktop Driveway, Private Yard, See Remarks
Construction Materials: Frame, Vinyl Siding
Lot Dimensions: 132 X190
Lot Size: 0.39
Roof: Asphalt, Shingle
Sewer: Connected
Water: Connected, Public
Parking: Threeormore Spaces, Driveway, No Garage