27 Church Street, Oneonta, NY 13820
Local realty services provided by:HUNT Real Estate ERA
27 Church Street,Oneonta, NY 13820
$367,500
- 7 Beds
- 2 Baths
- 2,354 sq. ft.
- Multi-family
- Active
Listed by: timothy sagasti, jeffrey m. dudley
Office: dudley realty inc
MLS#:R1666043
Source:NY_GENRIS
Price summary
- Price:$367,500
- Price per sq. ft.:$156.12
About this home
LISTING PRICE: $367,500
2-Unit | 7-Bedroom Investment Property with Strong Rental History
Fully leased for the 2025–2026 and 2026–2027 school years, this fully furnished property offers immediate and reliable income. The building features two units: a 2-bedroom / 1 full bath apartment and a LEGAL 5-bedroom / 1 full bath apartment, plus a shared basement laundry room equipped with two washers and two dryers. Apartment 1 has been newly renovated with vinyl plank flooring and fresh paint. Apartment 2 has also been freshly painted and features hardwood floors on the second level and carpeting on the third floor. Conveniently located near downtown, the college campus, and bus routes, the property offers strong tenant appeal. All inspections have been completed, and a Certificate of Compliance is in place through 2029. The seller is a licensed real estate broker. This is an excellent turnkey investment opportunity with proven cash flow.
History:
2024-2025 School Year:
GROSS INCOME: $58,000
NET OPERATING INCOME = $41,221
2025-2026 School Year:
GROSS INCOME: $51,000
NET OPERATING INCOME= $36,111
2026-2027 School Year:
SIGNED GROSS INCOME: $53,000
NET OPERATING INCOME: $38,111
(Group of 4 signed at $4400/semester/student with a 5th that tentatively plans on signing this spring. When the 5th is signed, rent for all 5 is $4000/semester/student)
POTENTIAL GROSS INCOME: $57,800
POTENTIAL NOI: $42,911
TOTAL EXPENSES: $14,889
Land & School Taxes = $7,389
Insurance = $1,500
Heat/Electric = $3,500
Cable/Internet = $1,200
Garbage = $500
Water/Sewer = $800
Cap Rate: 10.37%
(Potential Cap Rate: 11.68% )...
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Home facts
- Year built:1900
- Listing ID #:R1666043
- Added:2 day(s) ago
- Updated:March 13, 2026 at 02:40 PM
Rooms and interior
- Bedrooms:7
- Total bathrooms:2
- Full bathrooms:2
- Flooring:Hardwood, Varies, Vinyl
- Basement:Yes
- Basement Description:Walk Out Access
- Living area:2,354 sq. ft.
Heating and cooling
- Heating:Forced Air, Gas
Structure and exterior
- Roof:Shingle
- Year built:1900
- Building area:2,354 sq. ft.
- Lot area:0.14 Acres
- Lot Features:Irregular Lot, Near Public Transit, Residential Lot
- Construction Materials:Vinyl Siding
- Exterior Features:Porch
- Levels:3 Stories
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$367,500
- Price per sq. ft.:$156.12
- Tax amount:$7,795
Features and amenities
- Laundry features:Common Area
- Amenities:Furnished, int_feat_Attic
Parking
- Garage:Yes
- Garage spaces:1
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