14 Moss Street, Unit 16
Property Description
Rare opportunity to acquire a well-established investment portfolio consisting of seven residential multi-unit properties located throughout Norwich, Sherburne, and New Berlin. The package includes a diverse mix of 2-unit, 3-unit, and 4-unit buildings, offering investors the benefit of multiple income streams across three desirable City and Village locations. The portfolio maintains a very low actual Vacancy rate, generating annual gross rental income of approximately $218,000 and net income in excess of $125,000. Offered at a capitalization rate of 10.54%, this package provides excellent current cash flow with additional potential through continued professional management, strategic improvements, and future rent growth. Overall property conditions range from average to above average, with some deferred maintenance providing opportunities to further enhance curb appeal, value, and operating performance. Each property is conveniently situated within easy walking distance of local employment, shopping, dining, schools, and other community amenities-locations that help support consistent tenant demand and long-term occupancy. Whether expanding an existing portfolio or making a substantial entry into the multi-family investment market, this offering provides a rare opportunity to acquire multiple income-producing properties in a single purchase. Strong historical occupancy, diversified unit count, desirable locations, and attractive financial performance combine to make this a noteworthy Central New York investment opportunity. Owner Financing is not available. Seller is unable to break package or sell properties individually.
Broker Details
Keller Williams Upstate New York Properties (607) 431-2540
MLS ID: OD1884 State License Number: 10301203604
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,195,000 |
| No. of Units: | 19 |
| Year Built: | 1900 |
| Lot Size: | 4,538.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $62,895 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 1 |
ID: 3yd-BNARNY-R1711749
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