27 Church St
Description
2-Unit | 7-Bedroom Investment Property with Strong Rental History
Fully leased for the 2025–2026 and 2026–2027 school years, this fully furnished property offers immediate and reliable income. The building features two units: a 2-bedroom / 1 full bath apartment and a LEGAL 5-bedroom / 1 full bath apartment, plus a shared basement laundry room equipped with two washers and two dryers. Apartment 1 has been newly renovated with vinyl plank flooring and fresh paint. Apartment 2...LISTING PRICE: $367,500
2-Unit | 7-Bedroom Investment Property with Strong Rental History
Fully leased for the 2025–2026 and 2026–2027 school years, this fully furnished property offers immediate and reliable income. The building features two units: a 2-bedroom / 1 full bath apartment and a LEGAL 5-bedroom / 1 full bath apartment, plus a shared basement laundry room equipped with two washers and two dryers. Apartment 1 has been newly renovated with vinyl plank flooring and fresh paint. Apartment 2 has also been freshly painted and features hardwood floors on the second level and carpeting on the third floor. Conveniently located near downtown, the college campus, and bus routes, the property offers strong tenant appeal. All inspections have been completed, and a Certificate of Compliance is in place through 2029. The seller is a licensed real estate broker. This is an excellent turnkey investment opportunity with proven cash flow. History:
2024-2025 School Year:
GROSS INCOME: $58,000
NET OPERATING INCOME = $41,221
2025-2026 School Year:
GROSS INCOME: $51,000
NET OPERATING INCOME= $36,111
2026-2027 School Year:
SIGNED GROSS INCOME: $53,000
NET OPERATING INCOME: $38,111
(Group of 4 signed at $4400/semester/student with a 5th that tentatively plans on signing this spring. When the 5th is signed, rent for all 5 is $4000/semester/student)
POTENTIAL GROSS INCOME: $57,800
POTENTIAL NOI: $42,911
TOTAL EXPENSES: $14,889
Land & School Taxes = $7,389
Insurance = $1,500
Heat/Electric = $3,500
Cable/Internet = $1,200
Garbage = $500
Water/Sewer = $800
Cap Rate: 10.37%
(Potential Cap Rate: 11.68% )
- Listed by Timothy Sagasti • Dudley Realty IncP: (607)-431-8181 C: (607)-431-8181 tim@dudleyri.com
- Listed by Jeffrey M. Dudley • Dudley Realty IncP: (607)-431-8181 C: (607)-431-8181 jeff@dudleyri.com
Property Details for 27 Church Street
Property Details for 27 Church Street
| Status | Pending |
|---|---|
| MLS # | R1666043 |
| Days on Market | 11 |
| Taxes | $7,795 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi Family / Residential |
| Year Built | 1900 |
| Lot Size | 0.14 AC / 6,098 SF |
| County | Otsego County |
Location
Building Information for 27 Church Street
Payment Calculator
$2,500 per month
30 year fixed, 6.46% Interest
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1Property Information for 27 Church Street
- Elementary School District: Oneonta
- High School District: Oneonta
- Middle Or Junior School District: Oneonta
- Village: Not Applicable
- Human YN: Yes
- Garage Spaces per Apt: 1.00
- Garage YN: Yes
- Area NYSWIS Code: Oneonta-City-361200
- Tax Annual Amount: $7,795.00
- Building Area Source: Public Records
- Building Area Total: 2354.0
- Land Features: Irregular Lot, Near Public Transit, Residential Lot
- Num Of Acres: 0.14
- Lot Size Area: 0.14
- Lot Size Square Feet: 6098.0
- Lot Size Units: Acres
- Parcel Number: 361200-300-005-0002-016-000-0000
- Road Frontage: City Street
- Lot Number: 16
- Property Condition: Resale
- Senior Community YN: No
- Assessed Value: $200,000
- Year Built: 1900
- Year Built Description: Existing
- Num Of Electric Meters: 3
- Num Of Gas Meters: 3
- Sewer Description: Connected
- Utilities Available: High Speed Internet Available, Sewer Connected, Water Connected
- Water Supply: Connected, Public
- Construction Materials: Vinyl Siding
- Patio And Porch Features: Covered, Porch
- Roof Description: Shingle
- Appliances: Gas Water Heater
- Basement Description: Walk Out Access
- Num Of Possible Bedrooms: 7
- Num Fireplaces Total Calculated: 0
- Fireplace YN: No
- Floor Description: Hardwood, Varies, Vinyl
- Furnished: Furnished
- Heating: Gas, Forced Air
- Heating YN: Yes
- Interior Features: Attic
- Laundry Features: Common Area
- Sq Ft Total: 2354.0
- Main Level Bathrooms: 0
- Number Of Units In Community: 2
- Number Of Units Total: 2
- Operating Expense Includes: Electric, Fuel, Insurance, Maintenance Structure, Maintenance, Snow Removal, Trash, Utilities, Water Sewer
- Stories: 3
- Stories Total: 3
- Unit Type Actual Rent: $3,500.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 5
- Features: Oven/ Range,Refrigerator,Microwave,Eat-In Kitchen,Living Room,Porch
- Unit Type Total Rent: $3,500.00
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Unit Type Actual Rent Range: 3500
- Unit Type Actual Rent: $1,760.00
- Unit Type Baths Total: 1
- Unit Type Beds Total: 2
- Features: Oven/ Range,Refrigerator,Microwave,Formal Dining Room,Living Room,Porch
- Unit Type Total Rent: $1,760.00
- Unit Type Num Full Baths: 1
- Unit Type Num Half Baths: 0
- Unit Type Actual Rent Range: 1760
- Rent Includes: All Utilities, Electricity, Gardener, Heat, Hot Water, Snow Removal, Trash Collection, Cable Tv
Property History for 27 Church Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Mar 22, 2026 | Pending WNYREIS #R1666043 | — | |
| Mar 11, 2026 | Listed (Active) WNYREIS #R1666043 | $367,500 | — |
| Mar 17, 2022 | Sold (Public Record) Public Record #1489797314 | $230,000 | +1.7% / yr |
| Mar 17, 2022 | Sold WNYREIS #OD132082 | $230,000 | — |
| Aug 24, 2021 | Pending WNYREIS #OD132082 | — | |
| Aug 16, 2021 | Listed (Active) WNYREIS #OD132082 | $249,900 | — |
| Nov 13, 2013 | Sold (Public Record) Public Record #385108916 | $200,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 03/22/2026 | Pending WNYREIS #R1666043 | — |
| 03/11/2026 | Listed (Active) WNYREIS #R1666043 | $367,500 |
| 03/17/2022 | Sold (Public Record) Public Record #1489797314 | $230,000 +1.7% / yr |
| 03/17/2022 | Sold WNYREIS #OD132082 | $230,000 |
| 08/24/2021 | Pending WNYREIS #OD132082 | — |
| 08/16/2021 | Listed (Active) WNYREIS #OD132082 | $249,900 |
| 11/13/2013 | Sold (Public Record) Public Record #385108916 | $200,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 27 Church Street
Schools near 27 Church Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Greater Plains Elementary School PublicK to 5 | ||
Oneonta Middle School Public6 to 8 | ||
Oneonta Senior High School Public9 to 12 | ||
Valleyview Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Dudley Realty Inc
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