7-9 Weidman Pl Oneonta, NY 13820
Six-unit apartment building with solid rental history near colleges.
Lot size:
0.39 AcresProperty Features for 7-9 Weidman Pl
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.39 Acres
Building Details
- Year built
- 1900
Source:
Elliman
Listing Agent: Jessie Grigsby
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Furnished Apartment Building Near Colleges
This six-unit apartment building features a total of 16 bedrooms and 7 bathrooms. The property has a solid rental history and is conveniently located near two colleges, a bus stop, and Main Street. It offers ample parking. The unit mix includes three two-bedroom apartments, two three-bedroom apartments, and one four-bedroom apartment, all of which are 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 (COC) is in place. The property includes two parcels. Apartment 1, a two-bedroom unit, is leased for $1050 per month through December 31, 2025. Apartment 2, a two-bedroom unit, is leased for $1250 per month through September 30, 2025. Apartment 3, a three-bedroom unit, is leased for $1650 per month through May 30, 2026. Apartment 4, a two-bedroom unit, is leased for $1250 per month through May 31, 2026. Apartment 5, a three-bedroom unit, is rented month-to-month for $1250 per month. Apartment 6, a four-bedroom unit, is leased to three students 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
Location Insight
- Map
- Local Demand
- City
- Oneonta
- County
- Otsego
- State
- New York
- Longitude
- -75.0666464
- Latitude
- 42.4597414
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FAQs
What type of property is this?
Apartment building - Six-unit apartment building with solid rental history near colleges.
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.; - Solid Rental History: Fully rented units with leases in place, offering immediate income stream.; - Desirable Location: Close to colleges, bus stop, and Main Street.
