$395,000
$399,900
1.2%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
7,396 SqFt
SOLD DATE : 11/05/2024
Key Details
Sold Price $395,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,396 sqft
Price per Sqft $53
Subdivision Survey & Pt Title
MLS Listing ID R1535008
Sold Date 11/05/24
Bedrooms 7
Construction Status Existing
HOA Y/N No
Year Built 1990
Annual Tax Amount $11,019
Lot Size 6,385 Sqft
Acres 0.1466
Lot Dimensions 45X139
Property Description
ATTENTION INVESTORS: This rare fully Occupied & Stabilized 7-Unit Apartment Building is located in Auburn, NY and is a great investment opportunity! All 7 units are currently leased with separate electric meters to provide immediate and stabilized cash flow. The building has undergone extensive CAPEX renovations resulting in low maintenance costs and retention of several 5+ year tenants.
Significant updates include a new roof, modern electrical panels, new PVC plumbing throughout, and new sheetrock/flooring in 5 of the 7 units in 2018. Additional major interior renovations were completed in 2023 including new furnace thermo couplings, valves, and tune-up, plus major renovations in Unit 3 and Unit 7 including modern LVT floors, new interior doors, a fully gutted bathroom, and complete paint out. The property features 8 off-street paved parking spaces, an onsite coin-operated laundry for additional income, and minimal lawn maintenance with only a small curb strip of grass for the entire property. This turnkey property has a current Certificate of Occupancy dated March 2024 and is an excellent opportunity for investors to expand their portfolio
Location
State NY
County Cayuga
Community Survey & Pt Title
Area Auburn-050100
Direction Lincoln Street to Osborne St. Property on the right next to McLaughlin Glass.
Rooms
Basement Full
Interior
Heating Gas, Hot Water
Flooring Carpet, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Laundry Common Area, Coin-operated
Exterior
Exterior Feature Fence, Gravel Driveway
Fence Partial
Community Features Laundry Facilities
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Garage No
Building
Lot Description Near Public Transit, Residential Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Auburn
Others
Senior Community No
Tax ID 050100-116-062-0002-030-001-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Other,See Remarks
Special Listing Condition Standard
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