About 516 Main Street # 514
I wanted to share the details on this wonderful 5-unit apartment building! It features five cozy 2-bedroom apartments, each with separate utilities, eat-in kitchens, included appliances, and lovely outdoor spaces like a covered deck and side porch. Tenants handle paying their own utilities with 5 dedicated hot water heaters, 5 heating units, and separate electric panels. There is great potential to increase the current rental income, which is at $1,600 monthly ($19,200 yearly) from two occupied units at $850 and $750. The vacant units are fully move-in ready, as the seller thoughtfully kept them open while the building is for sale. The building has a durable metal roof, mostly vinyl replacement windows, off-street parking, and an over sized 2-car garage with an opener. Plus, it’s in a fantastic location on the bus route, close to downtown, the hospital, and the local elementary school.
Features of 516 Main Street # 514
| MLS® # | R1711925 |
|---|---|
| Price | $369,900 |
| Bedrooms | 5 |
| Bathrooms | 0.00 |
| Square Footage | 6,000 |
| Square Footage | 5227 |
| Acres | 0.12 |
| Year Built | 1975 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 516 Main Street # 514 |
|---|---|
| Area | Oneonta-City |
| City | Oneonta |
| County | Otsego |
| State | NY |
| Zip Code | 13820 |
Amenities
| Utilities | High Speed Internet Available, Sewer Connected, Water Connected, Snow Removal, Trash Collection, Water |
|---|---|
| Features | Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | Three or more Spaces, Garage Door Opener |
| Garages | Three or more Spaces, Garage Door Opener |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Tile, Varies, Vinyl |
|---|---|
| Appliances | Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Gas Oven, Gas Range, Gas Water Heater, Microwave, Refrigerator |
| Heating | Electric, Gas, Forced Air, Wall Furnace |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Walk-Out Access |
Exterior
| Exterior | Stucco, Vinyl Siding |
|---|---|
| Exterior Features | Concrete Driveway, Deck |
| Lot Description | Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Roof | Metal |
| Construction | Stucco, Vinyl Siding |
School Information
| District | Oneonta |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Oneonta Realty, LLC |
|---|---|
| Contact Info | 607-287-8458 |