91 Main Street, Oneonta, NY 13820

**TURNKEY DOWNTOWN QUAD — 10.20% ACTUAL CAP & 14.79% PRO FORMA** Four one-bedroom apartments, 100% occupied by long-term, non-student tenants generating $3,010/month ($36,120/year). Actual NOI of $26,421 delivers a 10.20% cap at the $259,000 ask — $64,750 per unit on a 2,132 SF building, every unit over 500 SF. Long-term comps support $950–$1,050 for comparable one-bedrooms. At a conservative $1,000 per unit, gross rents rise to $48,000 — a 33% increase — lifting NOI to $38,301 and the cap rate to 14.79% with expenses held flat. Expenses are minimal for a 4-unit. Every apartment carries its own NYSEG gas and electric account; there is no common-area meter to fund. Total operating expenses of $9,699 equal just 27% of current income. Blown-in and fiberglass insulation with natural gas forced hot air keeps tenant heating costs reasonable, and public water and sewer eliminate well and septic reserves. The location is excellent. The building sits immediately next door to the...