191 Hudson, Johnson City, NY 13790

Property 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!