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There's Magic In Our Mountains.™
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142 Chestnut Street, Oneonta, NY, 13820
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$219,900

142 Chestnut Street, Oneonta, NY, 13820

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142 Chestnut Street, Oneonta, NY, 13820
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Information

Price: $219,900
Year Build: 1883
Square Footage: 1,296 Sq ft
Total Baths: 2
Full Baths: 2
Bedrooms: 4

Details

Address: 142 Chestnut Street
City: Oneonta
Zip: 13820
State: New York

Description

INVESTMENT PROPERTYBaseball rental approved in zoning & Student rental ready. Just renovated and fully furnished! Now showing for the 23-24 school year!24.47% Cap Rate with Baseball Rental Income12.19% Cap Rate without Baseball Rental IncomePOTENTIAL GROSS INCOME = $63,000Summer Baseball Rental = $27,000College Student Rental = $36,000EXPENSES = $9,200Land & School Taxes = $4,000Insurance = $1,500Heat/Electric = $2,500Cable/Internet = $1,200Garbage = $500Water = $500POTENTIAL NET OPERATING INCOME = $53,800Exceptionally well-maintained fully furnished home offers four spacious bedrooms. Amenities include laundry and new vinyl plank floors throughout. There is off-street parking and a front yard to enjoy some outdoor activities. Just a short walk to downtown Main Street, restaurants and stores. Close to bus routes and just minutes to colleges. 3 miles from All Star Village Baseball camps. The kitchen is brand new including new cabinets, appliances and granite counter tops. There is an eat-in kitchen with a table and chairs. The spacious living room has 2 couches, coffee and end tables, entertainment center, and a 55 flat screen TV! There are 2 full bathrooms. One with a combination tub and shower and the other with a stand up shower. The nicely sized bedrooms all have newer furniture including a 32 inch TV, dresser, desk, office chair, nightstand, with full and queen size beds (mattress/box spring/frame). Replacement windows and vinyl sided. Updated electrical service and plumbing.Seller is a licensed real estate broker.15 years of student rental history with Prime Oneonta Rentals. Nice Cash Cow! Generate income instead of paying housing costs while your student goes to college! Low cost and income producing without the work.

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Print Details
Listing information provided courtesy of the Otsego-Delaware Board of Realtors. IDX Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 30th March, 2023 7:55 AM (UTC)
Listing Agent: Timothy Sagasti
Listing Office: Dudley Realty Inc

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Frank Lumia Real Estate Plus!
Offices in Delhi, NY
License #37LU0818789
O: (607) 746-6029
M: (607) 434-5910
replus@franklumiarealestate.com
Get in touch and let the magic happen!
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