1-3 Birch
Property Description
1-3 Birch Street - Solid Duplex Investment (Portfolio Sale Required) Located in a desirable rental area of Oneonta, 1-3 Birch Street offers a strong opportunity to own a well-maintained two-family duplex with reliable income. This property features one 3-bedroom unit and one 2-bedroom unit, appealing to a wide range of tenants. Both units have separate utilities, keeping operating costs efficient, while the owner is responsible only for water and sewer. With consistent occupancy and rental demand, the property generates a current annual NOI of $16,125, making it a dependable addition to any investment portfolio. Portfolio Sale Requirement This property is part of a three-property package that must be sold together, offering immediate scale and diversified income: 14-16 Otsego Street - Two-family duplex with 6 bedrooms / 2 bathrooms total (two 3BR units), separate utilities, NOI: $17,800 34 Pine Street - Two-family duplex with one 3-bedroom and one 2-bedroom unit, separate utilities, plus additional garage rental income, NOI: $15,575 Investment Highlights: Total Portfolio NOI: $49,500 Offered at a 7.125% cap rate 6 total units across 3 properties Separate utilities in all buildings Strong rental market with consistent tenant demand Additional income stream from garage rental at Pine Street Why 1-3 Birch St Stands Out: Versatile unit mix (3BR + 2BR) attracts a broad tenant base Efficient management with tenant-paid utilities Stable cash flow with upside potential through rent growth Take advantage of this opportunity to secure 1-3 Birch Street as part of a well-performing, income-producing portfolio in Oneonta-ideal for investors seeking steady returns and long-term value.
Broker Details
River Hills Properties LLC (315) 868-6719
MLS ID: themosherteam State License Number: 10301224028
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $215,000 |
| No. of Units: | 2 |
| Year Built: | 1910 |
| Lot Size: | 2,178.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $107,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 2 |
ID: 3yd-BNARNY-S1669847
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