14-16 Otsego Street
Property Description
14-16 Otsego Street - Turnkey 2-Family Investment (Portfolio Sale Required) Don't miss this outstanding opportunity to own a well-performing two-family property in the heart of Oneonta. 14-16 Otsego Street is a spacious duplex featuring 6 bedrooms and 2 bathrooms, with each unit offering 3 bedrooms, making it highly desirable for tenants seeking larger living spaces. Each unit is equipped with separate utilities, helping to minimize owner expenses, while the owner is responsible only for water and sewer. The property has a strong rental history and currently produces a solid annual NOI of $17,800, making it an excellent cash-flowing asset from day one. Portfolio Sale Requirement This property must be purchased as part of a three-property investment package, offering scale and consistent returns: 1-3 Birch Street - Two-unit duplex (3BR + 2BR), separate utilities, NOI: $16,125 34 Pine Street - Two-unit duplex (3BR + 2BR), separate utilities, plus additional garage rental income, NOI: $15,575 Investment Overview: Total Portfolio NOI: $49,500 Offered at a 7.125% cap rate 6 total units across 3 properties Strong tenant demand in a proven rental market Separate utilities throughout for efficient management Why 14-16 Otsego St Stands Out: Larger unit layouts (all 3-bedroom units) attract stable, long-term tenants Central location near schools, downtown, and amenities Consistent income with potential for future rent growth Secure 14-16 Otsego Street as the cornerstone of a high-performing multi-family portfolio in Oneonta. An ideal opportunity for investors looking to step into immediate cash flow with built-in scale.
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: | $240,000 |
| No. of Units: | 2 |
| Year Built: | 1920 |
| Lot Size: | 2,756.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $120,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 2 |
ID: 3yd-BNARNY-S1669841
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