181 W Bridge St - Apartments FOR SALE


Oswego, NY 13126
$725,000 USD
315-591-3992
181 W Bridge St, Oswego, NY for Sale
$725,000 USD
Apartments - FOR SALE
1/34
null | 13.79% Cap Rate

181 W Bridge St
Oswego, NY 13126


HIGHLIGHTS

  • LOCATION Centrally located in the heart of Downtown Oswego.
  • Nice size lot with two car garage and parking area in front of garage.
  • Easy to rent to college students or any major employer around Oswego because of location.

OVERVIEW

Looking to sell the last 3 properties in our Portfolio in Oswego NY. This city sits on the Southeast Shores of Lake Ontario. 13 Largest lake in the world and 24 miles from the new Micron 100 billion dollar investment plant for Micron Chips. Largest investment since the Eisenhower interstate roads in the US. All three of these properties are Multi Families. We have 2 Two Unit with 4 bedrooms up stairs and 5 bedrooms downstairs in each property. The other Multi Unit is a Four Unit, 3 one bedrooms with a full kitchen and bath room and a two bedroom with a full kitchen and bathroom as well. I have them set up to make close the same income and very similar expenses for all three. The 2 two units are full rented with Oswego State College students and have been fully rented since I have owned them for 10 years. The 4 unit is fully rented and also have been fully rented since I owned that for 8 years. These properties also have plenty of off street parking with parking lots at each location. The 4 unit is around 2900 sqft and the other 2 are well over 3000 sqft. These were our best rentals and we held on to them because they were great money makers. We are getting older and would like to travel more and looking to free up our time and responsibilities running a renal business takes. If you are a serious buyer in the rental business we have price these to sell and for you to continue to make good income with these properties. The cap rate is based on NOI before Mortgage and Management fee. Management fee is 10% or $15000. Which makes CAP RATE 12.7% after Management fee taken out. Yes this is a great income generating properties. Call me for more information. We are serious sellers but this is not a fire sale. So if this meets your Cap Rate and you want to view we also need to have some type of proof of funds before view. We will share proof of all our expenses and leases with a letter of intent to purchase or purchase offer. We expected it will be contingent on proof of income and expenses matching numbers I have provided on this site.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$78 USD /SF

# OF UNITS

8

PRICE/UNIT

$90,625

CAP RATE

13.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Commercial

APN/PARCEL ID

128-054-0003-039-000-0000

ASK ABOUT THIS PROPERTY

Brian Kenneylbkcny by design, INCMore Info
315-591-3992

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Brian Kenneylbkcny by design, INCMore Info
315-591-3992

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.