305 Ann St, Rome, NY 13440

This exceptional investment opportunity presents a portfolio of seven multi-family buildings totaling 20 units in Rome, New York. Located at 305 Ann St, 13440, this value-add property boasts 17,381 square feet and offers significant upside potential. The current Net Operating Income (NOI) is $99,281, yielding a 12.43% capitalization rate. However, a pro-forma NOI of $140,214 projects a substantial 17.55% cap rate, reflecting the significant value-add potential. Three units are undergoing renovations, including new furnaces, hot water heaters, and utility separation. All current tenants are on month-to-month leases, providing flexibility for future rent increases. The portfolio benefits from its location in high-demand rental areas within Oneida County, promising steady cash flow and potential appreciation. Renovations completed in 2024. This is an ideal acquisition for investors seeking to expand their multi-family holdings in upstate New York. The property offers a balanced mix of locations within the region. Further details are available upon request.