305 Ann StRome, NY 13440

For Sale
$799,000
Property records and analytics
20 Units, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
125
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.

Highlights

  • Seven multi-family buildings totaling 20 units in Rome, NY.
  • 17,381 square feet with significant value-add potential.
  • Current NOI of $99,281, 12.43% cap rate; pro-forma NOI of $140,214, 17.55% cap rate.
  • Three units undergoing renovations (furnaces, hot water heaters, utility separation).
  • Month-to-month leases allow for flexible rent increases.
  • Located in high-demand rental areas of Oneida County.

Property Details for 305 Ann St

Property type
Residential income homes, Apartment buildings
Square Feet
17,381 SF
Year Renovated
2024
Buildings
7
Units
20

Location Insight

City
Rome
County
Oneida
State
New York
Latitude
43.205144213378
Longitude
-75.458983535967
305 Ann St, Rome, New York

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FAQs

What type of property is this?
Residential income home - 20 Units, High ROI Potential
Where is the residential income home located?
The property is located at 305 Ann St Rome, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Seven multi-family buildings totaling 20 units in Rome, NY.; 17,381 square feet with significant value-add potential.; Current NOI of $99,281, 12.43% cap rate; pro-forma NOI of $140,214, 17.55% cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Robert Matrone
Robert Matrone
Visit Broker Website

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Useful Information

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Ann St
Rome, NY 13440

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Ann St
Rome, NY 13440

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

305 Ann St
  • Robert Matrone
    Robert Matrone
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