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7-9 Weidman Pl Oneonta, NY 13820

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For Sale
$625,000

Six-unit multifamily property near colleges with solid rental history.

Lot size:
0.39 Acres

Property Features for 7-9 Weidman Pl

General Information

Property type
Commercial
Standard status
Active
Lot size
0.39 Acres

Building Details

Year built
1900

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Listing Contact
Elizabeth A. Shultis Gri
Source: Elliman

Listing Agency: Benson Agency Real Estate LLC Listing Agent: Elizabeth A. Shultis Gri

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Six-Unit Multifamily Investment Property

This multifamily property features six units, comprising a total of 16 bedrooms and 7 bathrooms. The location offers convenient access to colleges, a nearby bus stop, and a short walk to Main Street. The property includes three two-bedroom apartments, two three-bedroom apartments, and one four-bedroom apartment, all furnished. A new boiler was installed in 2010. Common laundry facilities are located in the basement, with additional laundry areas upstairs installed in 2017 and 2023. A certificate of compliance is in place. The property includes two parcels. Apartment 1, a two-bedroom unit, is leased at $1050 per month through December 31, 2025. Apartment 2, another two-bedroom unit, is leased at $1250 per month through September 30, 2025. Apartment 3, a three-bedroom unit, is leased at $1650 per month through May 30, 2026. Apartment 4, a two-bedroom unit, is leased at $1250 per month through May 31, 2026. Apartment 5, a three-bedroom unit, is rented month-to-month at $1250 per month. Apartment 6, a four-bedroom unit, is leased at $3750 per student per semester through May 17, 2026. The projected income is $107,400, with expenses of $54,717, including a $9,762 management fee. Recent improvements include a new laundry area and a new sewer line to the street.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Oneonta
County
Otsego
State
New York
Longitude
-75.0666464
Latitude
42.4597414

FAQs

What type of property is this?
Apartment building - Six-unit multifamily property near colleges with solid rental history.
Where is this apartment building located?
The property is located at 7-9 Weidman Pl Oneonta, NY.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: - High Income Potential: Projected annual income of $107,400 with existing leases.; - Strong Rental History: Solid rental history in a desirable location.; - Multiple Units: Six units with a total of 16 bedrooms and 7 bathrooms.
More about this property
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