For Sale
$495,000

11 West St Oneonta, NY 13820

Four-unit apartment building, excellent location.

Overview

Added:
Dec 11, 2024
Days on market:
131
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.

Highlights

  • Well-maintained, two-story apartment building at 11 West Street, Oneonta, NY 13820.
  • 3,664 square feet on a 0.2-acre lot with four units.
  • Fully rented for 2024-2025 academic year; three of four units leased for 2025-2026.
  • Unit mix: one 4-bedroom, one 2-bedroom, and two 1-bedroom units.
  • Excellent location near college campuses and downtown, with a bus stop across the street; paved off-street parking and shared coin-op laundry.
  • Turnkey investment with strong rental history; 10% management fee.

Property Details for 11 West St

Property type
Apartment buildings
Square Feet
3,664 SF
Year Built
1900
Buildings
1
Stories
2
Lot Size (sq. ft)
8,712 SF
Units
4

Location Insight

City
Oneonta
County
Otsego
State
New York
Latitude
42.4559239
Longitude
-75.0684838

FAQs

What type of property is this?
Apartment building - Four-unit apartment building, excellent location.
Where is the apartment building located?
The property is located at 11 West St Oneonta, NY.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Well-maintained, two-story apartment building at 11 West Street, Oneonta, NY 13820.; 3,664 square feet on a 0.2-acre lot with four units.; Fully rented for 2024-2025 academic year; three of four units leased for 2025-2026.
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11 West St
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