Great investment with four one bedroom apartments with long term happy tenants. All new replacement windows, hot water heaters, kitchen appliances and remodeled bathrooms. Tenants pay their own utilities except water/sewer/trash bills. The annual insurance bill is $928, water $425 a quarter and taxes are $2511 a year for a total of $5539 in operating expenses. Rental income of $375 per unit makes the annual gross income of $18,000 for an NOI of $12,461 with very little maintenance on this remodeled building.
Off market
$232,400
358 Park St, Fulton, NY 13069
4beds
0baths
5,244sqft
MultiFamily
Built in 1973
-- sqft lot
$232,400 Zestimate®
$44/sqft
$1,521 Estimated rent