6749 Ramsgate Rd - Multi-Family FOR SALE


Chittenango, NY 13037
$299,900 USD
315-561-6167
6749 Ramsgate Rd, Chittenango, NY for Sale
$299,900 USD
Multi-Family - FOR SALE
1/42
null | Request Cap Rate

6749 Ramsgate Rd
Chittenango, NY 13037


HIGHLIGHTS

  • Bonus of an additional storefront providing extra revenue.
  • Turn-key opportunity
  • Extra large garage space for tenant storage, mowers or plow truck.

OVERVIEW

Excellent investment opportunity in the heart of Chittenango! This well-maintained 4-unit property offers strong income potential and positive cash flow, plus the rare bonus of an additional storefront providing extra revenue. Conveniently located near shopping, dining, and everyday amenities, and just minutes from the Yellow Brick Road Casino, bringing steady traffic and long-term demand to the area. Ideal for investors looking to expand their portfolio with a mixed-use asset in a growing market. Turn-key opportunity with upside — don’t miss it! Current rents include 2 occupied units ($970 - 2 bedroom & $1100 - barn/ retail space).. and the other three units are vacant, with potential market rents once filled that could be ($850+ & $850+ for each studio unit, and $950+ for the 1 bedroom) resulting in $4,720 total monthly or a $56,640 yearly rental revenue. After estimated expenses that include taxes, insurance, vacancy rate and maintenance of a conservative $10,000, the capitalization rate (and under valued market leases) would be a healthy 15+%!!! Extra large garage space for tenant storage, mowers or plow truck. Upgrades include a newly pumped septic tank (2 separate tanks for each building) all hot water tanks are less than 5 years old, 2 bedroom unit has brand new furnace. New carpet and paint in all units. Reach out today for more information!

FOR SALE DETAILS

PRICE

$299,900 USD

PRICE/SF

$51 USD /SF

# OF UNITS

4

PRICE/UNIT

$74,975

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

254889-048-007-0001-024-000-0000

ASK ABOUT THIS PROPERTY

Lee BaldwinAcropolis Realty GroupMore Info
315-561-6167

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Lee BaldwinAcropolis Realty GroupMore Info
315-561-6167

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