219 Floral, Johnson City, NY 13790
- $164,000
- 7
- BD
- 2,670
- SqFt
- List Price
- $164,000
- Bedrooms
- 7
- Status
- ACTIVE
- Region
- Area 05
- MLS#
- 338199
Property Description
Fully rented three-unit investment property generating $2,900 per month, or $34,800 annually, in rental income. Featuring two three-bedroom apartments and one one-bedroom apartment, the property offers separate utilities, eat-in kitchens, and separate living areas. At the current asking price, the estimated cap rate is 11.4% based on current rents and underwritten operating expenses. With all three units occupied, this is an opportunity to add an income-producing property to your portfolio or get started with multifamily investing.
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Additional Information
- Year Built
- 1930
- Cooling
- Ceiling Fan(s)
- Heating
- Forced Air, Space Heater
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Listing courtesy of Innovative Commercial Advisors.