$2,440,000

This portfolio features eight houses that have been well-maintained and optimized over the years to provide a high volume of positive cash flow. Pride of ownership shines through. After years of investment the owner is retiring. Every roof, furnace, and water heater has been replaced during the current owner’s tenure. Students find these updated & furnished properties appealing, with off-street parking, laundry, & close to “center city” Oneonta, Hartwick, and SUNY. Furnishings are same or better as seen in virtual tours. The occupancy numbers speak for themselves, between 95% and 100% in the last several years. Costs are low, with taxes and utilities affordable and the big ticket capital improvements completed. This is a powerful portfolio builder at an appealing cap rate. Plus, there are easy ways to increase revenue substantially. There are two additional bedrooms that can be rented with a variance for an additional 14k per year. Four houses are eligible for short term rental permits and could be rented for the uniquely profitable 12 to 13 weeks between the Spring and Fall semesters. Projected Short term rental revenue is > 90k. **3D TOURS, INTERIOR PICS, OM & MORE AVAILABLE**