79 Weidman PlOneonta, NY 13820

This exceptional investment opportunity presents a six-unit multi-family property ideally situated in Oneonta, NY. Boasting a total of 16 bedrooms and 7 bathrooms, this property offers a compelling blend of income generation and potential for appreciation. The 6,600 square foot building sits on a 0.39-acre lot, conveniently located near both local colleges, a short walk from Main Street, and just a block from a bus stop. Ample parking is available for residents. The property includes three two-bedroom units, two three-bedroom units, and one four-bedroom unit, all fully furnished. Significant recent upgrades include a new boiler (2010), and updated laundry facilities (2017 & 2023), with common laundry in the basement and additional laundry areas upstairs. A Certificate of Occupancy (COC) is in place. The property also includes two parcels, with the second parcel identified by tax map number 288.17-3-16. Rental income has shown strong performance in recent years, with 2023 income totaling $93,238 and expenses at $76,860. 2022 figures show income of $100,865 and expenses of $49,470, while 2021 income reached $124,624 with expenses of $62,190. Expenses include a 10% management fee. Current lease terms vary by unit, with some units leased on a 12-month basis and others on a per-semester basis for students. This property represents a strong investment opportunity with a proven track record of rental income and a desirable location. The recent upgrades and solid rental history make this a turnkey investment ready for immediate returns.