About This Home
This 5-bedroom, 0-bathroom residential multi family at 516 Main Street #514 in Oneonta, NY is listed for $369,900 ($62 per sqft). Built in 1975, the home offers 6,000 sqft of living space on a 0.12 acres lot.
Key Features
- Built in 1975
- 0.12 acre lot
- 2 stories
Property Details
I wanted to share the details on this wonderful 5-unit apartment building! It features five cozy 2-bedroom apartments, each with separate utilities, eat-in kitchens, included appliances, and lovely outdoor spaces like a covered deck and side porch. Tenants handle paying their own utilities with 5 dedicated hot water heaters, 5 heating units, and separate electric panels.
There is great potential to increase the current rental income, which is at $1,600 monthly ($19,200 yearly) from two occupied units at $850 and $750. The vacant units are fully move-in ready, as the seller thoughtfully kept them open while the building is for sale. The building has a durable metal roof, mostly vinyl replacement windows, off-street parking, and an over sized 2-car garage with an opener. Plus, it's in a fantastic location on the bus route, close to downtown, the hospital, and the local elementary school.
Monthly Cost Estimate
$1,978/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
516 Main Street #514
Oneonta, NY 13820
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Outdoor Features
Parking
Heating
Appliances
Questions & Answers
This 5-bedroom, 0-bathroom residential multi family at 516 Main Street is listed at $369,900 ($62/sqft). The estimated monthly payment is $1,978 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1975, 0.12 acre lot, 2 stories. Exterior Features: ConcreteDriveway, Deck.
This property is listed by Christine Keto and can be reached at 6072878458.