403 Oneida StFulton, NY 13069

Property Details for 403 Oneida St

Year built

1930

Property type

Apartment buildings

Description

This exceptional investment opportunity presents a stabilized four-unit apartment building located at 403 Oneida St, Fulton, NY 13069. Built in 1930, this Class C property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $37,460, resulting in a compelling 14.98% capitalization rate. The asking price is $250,000, translating to $62,500 per unit. The property is ideally situated near Micron, offering strong rental demand and potential for future appreciation. Individual electrical meters provide efficient utility management. This is a cash-flowing investment perfect for a 1031 exchange. The property consists of one building with four units and is currently operating at full occupancy. Financial projections indicate a consistent 14.98% pro-forma capitalization rate and a pro-forma NOI of $37,460, demonstrating the stability and profitability of this investment. Cash offers only are being considered by the seller. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a desirable location. The property's strong cash flow and high occupancy rate make it an attractive investment for both seasoned and new investors.

Location Insight

City

Fulton

County

Oswego

State

New York

Latitude

43.3259

Longitude

-76.4126

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