12 Academy Street

Oneonta, NY 13820

$279,900
Price
6
Beds
3
Baths
1
1/2 Bath
2,084 Sq. Ft.
$134 / Sq. Ft.
2,084
Sq. Ft.
$134
per Sq. Ft.

Description

2 unit investment property. Apt 1 Fully rented through May 2024. Apt 2 fully rented through May 2025. GROSS INCOME = $46,200/year (Apt 1 $2,655/month Apt 2 $1,200/month) and 13.27% Cap Rate. Expenses = $9,050.40. Land & School Taxes = $4,330.40. Insurance = $1,500. Heat/Electric = $2,000 (downstairs apt included only). Garbage = $500. Water/Sewer = $720. Net operating income = $37,149.60. Short term baseball rental area allowed and potential income of $36,000 additional income! Potential Gross of...2 unit investment property. Apt 1 Fully rented through May 2024. Apt 2 fully rented through May 2025. GROSS INCOME = $46,200/year (Apt 1 $2,655/month Apt 2 $1,200/month) and 13.27% Cap Rate. Expenses = $9,050.40. Land & School Taxes = $4,330.40. Insurance = $1,500. Heat/Electric = $2,000 (downstairs apt included only). Garbage = $500. Water/Sewer = $720. Net operating income = $37,149.60. Short term baseball rental area allowed and potential income of $36,000 additional income! Potential Gross of $80k+/year! Fully renovated duplex in 2021 offers 3 bedrooms / 2 full baths in Apt. 1 and 3 bedrooms / 1.5 baths in Apartment 2. Amenities include ample parking in the back, large deck, laundry in each unit, wood clapboard siding, new kitchens, bathrooms, freshly painted interior and exterior, new electrical and plumbing, and brand new vinyl plank floors throughout the first floor (carpeted second floor). Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. Each apartment has a dining area / room, spacious living rooms and bedrooms. Certificate of Compliance in place. Nice Cash Cow!
  1. Listed by Timothy Sagasti • Dudley Realty Inc
    P: 607-431-8181 C: (607) 431-8181 tim@dudleyri.com
  2. Listed by Jeffrey M. Dudley • Dudley Realty Inc
    P: 607-431-8181 C: (607) 431-8181 jeff@dudleyri.com

Property Details for 12 Academy Street

Styles Of Residence
Duplex
On Waterfront
No
Parking Description
Twoor More Spaces
Nearest Cross Street
Fairview Street

Location

Listing Courtesy of Dudley Realty Inc
Add your commute
LISTING UPDATED: 04/30/2024 12:45 PM

Property Details for 12 Academy Street

StatusPending
MLS #R1507849
Days on Market45
Taxes$4,329 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built1925
Lot Size0.19 AC / 8,276 SF
CountyOtsego County

Location

Listing Courtesy of Dudley Realty Inc
Add your commute

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Building Information for 12 Academy Street

Stories2Residences2Year Built1925Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$1,888 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,528

Property Taxes

$361

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 12 Academy Street

Summary
Location and General Information
  • Elementary School District: Oneonta
  • High School Name: Oneonta High
  • High School District: Oneonta
  • Middle Or Junior School District: Oneonta
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Oneonta-City-361200
  • Tax Annual Amount: $4,329.00
Virtual Tour
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 2084.0
  • Land Features: Rectangular, Residential Lot
  • Num Of Acres: 0.19
  • Lot Size Area: 0.19
  • Lot Size Units: Acres
  • Parcel Number: 300.5-5-48
  • Road Frontage: City Street
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $123,000
  • Year Built: 1925
  • Year Built Description: Existing
  • Property Sub Type Additional: Duplex
Utilities
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 0
  • Sewer Description: Connected
  • Utilities Available: High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame, Vinyl Siding
  • Foundation Description: Stone
  • Roof Description: Asphalt, Shingle
  • Structure Type: Duplex
Interior Features
  • Appliances: Electric Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 6
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Varies, Vinyl
  • Furnished: Furnished
  • Heating: Electric, Baseboard
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 2084.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $46,200.00
  • Net Operating Income: $32,821.00
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expenses: $9,050.00
  • Operating Expense Includes: Electric, Trash, Utilities, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: Dishwasher,Dryer,Oven/ Range,Refrigerator,Washer,Microwave,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $1,200.00
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 1
  • Unit Type Actual Rent Range: 1200
Unit 2
  • Unit Type Actual Rent: $2,650.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Features: Dishwasher,Dryer,Oven/ Range,Refrigerator,Washer,Microwave,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $2,650.00
  • Unit Type Num Full Baths: 2
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 2650
Rental
Rental Information
  • Rent Includes: All Utilities, Common Area Maintenance, Electricity, Heat, Hot Water, Snow Removal, Trash Collection, Cable TV, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 12 Academy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 12 Academy Street

Taxable ValueLand$18,300Additions$104,700Total$123,000
Home Facts
Baths2Total Finished SqFt1,672 SqFtAbove Grade Finished SqFt1,672 SqFtStories2Lot Size8,276 SqFtStyleDuplexYear Built1900Year Renovated1981Zoning140CountyOTSEGOAPN361200 300.5-5-48

Schools near 12 Academy Street

This home is within Oneonta City School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Riverside 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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