About 16-18 Myrtle Avenue
Welcome to Hill City Student Rentals. This three-property rental portfolio is a complete, buttoned-up investment opportunity with strong immediate cash flow at an exceptional cap rate of around 9.5%. Whether you are a solo investor, an institutional investor, a student or a family member of a student, this is truly a great opportunity. Offered as a package, we have 32 Ford Avenue, 8 Franklin Street, and 16-18 Myrtle Avenue all in Oneonta, NY and all proven and up-to-date, and fully permitted student housing. 32 Ford is a 2-unit with a total of 5 bedrooms. 8 Franklin Street is a single-family 3-bedroom with potential for a 4th bedroom conversion. 16-18 Myrtle is a large duplex with a grandfathered 10-person occupancy rate. This combination of properties creates a very unique, turn-key portfolio with strong NOI. Available furnished and leased for the upcoming school year, this is an investment that will cash flow right out of the gates and is not an opportunity you will want to miss.
Features of 16-18 Myrtle Avenue
| MLS® # | R1691809 |
|---|---|
| Price | $1,100,000 |
| Bedrooms | 5 |
| Bathrooms | 0.00 |
| Square Footage | 6,534 |
| Acres | 0.15 |
| Year Built | 1982 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 16-18 Myrtle Avenue |
|---|---|
| Area | Oneonta-City |
| City | Oneonta |
| County | Otsego |
| State | NY |
| Zip Code | 13820 |
Amenities
| Utilities | High Speed Internet Available, Sewer Connected, Water Connected, All Utilities |
|---|---|
| Features | Rectangular, Rectangular Lot, Residential Lot |
| Parking | Three or more Spaces, Driveway, No Garage |
| Garages | Three or more Spaces, Driveway, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Tile, Varies, Vinyl |
|---|---|
| Appliances | Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator |
| Heating | Gas, Zoned |
| Cooling | Zoned |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full, Partial |
Exterior
| Exterior | Vinyl Siding, Wood Siding |
|---|---|
| Exterior Features | Deck, Gravel Driveway |
| Lot Description | Rectangular, Rectangular Lot, Residential Lot |
| Roof | Shingle |
| Construction | Vinyl Siding, Wood Siding |
School Information
| District | Oneonta |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Land and Water Realty LLC |
|---|