12 Academy Street
12 Academy Street
$279,900
6
3
1
2,084
2,084
$134
Pending
Virtual Tour
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!
- 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 12 Academy Street
Styles Of Residence
Duplex
On WaterfrontNo
Parking DescriptionTwoor More Spaces
Nearest Cross StreetFairview Street
Location
LISTING UPDATED: 04/30/2024 12:45 PM
Property Details for 12 Academy Street
Status | Pending |
---|---|
MLS # | R1507849 |
Days on Market | 45 |
Taxes | $4,329 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential / Duplex |
Year Built | 1925 |
Lot Size | 0.19 AC / 8,276 SF |
County | Otsego County |
Location
Virtual Tour
Building Information for 12 Academy Street
Stories2Residences2Year Built1925Building Size-Lot Size0.19 AC / 8,276 SF
Payment Calculator
$1,888 per month
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Property Information for 12 Academy Street
Property History for 12 Academy Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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