11 West St Oneonta, NY 13820

Property Details for 11 West St

Year built

1900

Lot size

0.20 lot acres

Property size

3,664 SF

Property type

Commercial real estate

Description

This well-maintained, two-story apartment building at 11 West Street in Oneonta, NY, presents a compelling investment opportunity. Boasting 3,664 square feet on a 0.2-acre lot, the property features four units, ideal for student rentals during the academic year and baseball rentals during the summer months, offering potential for increased income. Currently, the building is fully rented for the 2024-2025 academic year, with three of the four units already leased for 2025-2026. The unit configuration includes one four-bedroom unit, one two-bedroom unit, and two one-bedroom units. Conveniently located on West Street, the property enjoys proximity to both college campuses and the downtown area, with a bus stop directly across the street. The building includes paved off-street parking for residents' convenience and a shared coin-operated laundry facility in the basement. Built in 1900, this property offers a blend of established character and income potential. Note that expenses include a 10% management fee. This is a turnkey investment ready for a new owner. The property's strong rental history and desirable location make it an attractive option for investors seeking a stable and potentially high-yielding asset in the thriving Oneonta market. The zip code is 13820.