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This exceptional investment opportunity presents a portfolio of 27 single-family rental units situated across multiple properties in Oswego County, New York. The portfolio, currently boasting a 6.95% capitalization rate, offers significant value-add potential, with a pro-forma cap rate projected at 14.41%. The properties are strategically located in both Oswego and Fulton, NY, with addresses including 150 E Seneca St, 171 Erie St, 111 W Utica St, 41 W 9th St, 313 Erie St (Fulton), 89 Varick St, 502 Cayuga St (Fulton), 7 E 6th St, 236 Oneida St (Fulton), 610 Utica St (Fulton), 163 W Mohawk St, 82 Niagara St, 27 NW 9th St, 311 W 5th St, 11 Dorcas St, 262 Duer St, 40 Liberty St, 237 E 2nd St, and 216 S 2nd St (Fulton). The portfolio's current occupancy rate stands at 56%, with a net operating income (NOI) of $141,759. However, renovations completed on several units indicate a strong potential for increased rental income, leading to the projected pro-forma NOI of $293,862. The asking price for the entire portfolio is $2,039,698, translating to a price per unit of $75,544.37. Financial statements are available upon request. This is a rare opportunity to acquire a substantial rental portfolio in a growing market with immediate upside potential. The properties are ready for a quick closing.
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Please email our support team at [email protected] and they will add the team member.
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Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Michael Ruggio
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150 Seneca St, Oswego, New York, 13126
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.