Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. Some of the tenants are paying monthly rental rates below market value. With reliable tenants and only one current vacancy, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6½ years, reflecting tenant satisfaction and property stability.
Each unit is individually metered, featuring its own washer and dryer hook up, furnace, central A/C, electrical meter, and panel box. Tenants are responsible for their own gas and electricity usage. A house meter serves the common area, driveway and basement. The basement spans the full length of the building. 13 units are two bedrooms. 1 unit is a one-bedroom. Most units (11 of 14) feature front and back porches, offering added tenant appeal. The basement runs the length of the building; the majority of the foundation is a poured wall. There is ample parking available for both renters and visitors, ensuring convenience and ease of access. There is additional land for future expansion to build additional units.