191 Hudson StreetJohnson City, NY 13790

Description

Turnkey three-family investment located just blocks from UHS Wilson Medical Center and Binghamton University’s Decker School. Fully vacant and ready for immediate leasing, the property offers projected gross income of $54,000 and a true 11% cap rate, with an estimated NOI of $33,713 after vacancy, utilities, heat, insurance, maintenance, management, water, sewer, and taxes. The property features a 3-car garage, plenty of parking, 4 electric meters including a common-area meter for the basement and hallways, plus 3 gas meters. Updates include new laminate flooring, kitchen tile, renovated bathrooms, vanities, countertops, cabinets, a freshly painted exterior, appliances stored in the garage, and a newly built retaining wall. In 2016, 3 water heaters were installed and the plumbing, ductwork, and electrical were updated. No work is needed. Suitable for a variety of rental strategies, including long-term, short-term, and mid-term rentals. Call your favorite real estate professional today!

Property Information

Property type

Residential Income

Sub-type

Triplex

Style

MultiFamily

Year built

1890

Living area

2,808 Sq Ft

Lot dimensions

40 x 120 ft

Garage spaces

2

Ownership

OWNER

Zoning

230 - 3 Family Res

Days on market

70

MLS^® Listing#

337217

Property Features

Appliances

Dishwasher · Gas Water Heater · Range · Refrigerator

Cooling

None

Heating

Forced Air

Flooring

Laminate · Tile

Parking

Detached · Garage

Patio

Porch · Covered

Lot features

Level

Construction

Shake Siding

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Johnson City Elementary

Financial Details

Annual taxes

$5,375

Assessed value

$4,000

Parcel number

034603-143-072-0003-041-000-0000

Directions

Head West on Floral Avenue towards the traffic circle, turn right on Elizabeth Street, Property is on the Right. OR Head West on Grand Ave, Turn Left on Elizabeth Street, Property is on the Left.