150 Seneca StOswego, NY 13126

For Sale
$2,039,698

27-unit multifamily value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Property Details for 150 Seneca St

Property type
Multifamily properties, Residential income homes
Units
27

Location Insight

City
Oswego
County
Oswego
State
New York
Latitude
43.463860064503
Longitude
-76.496592254334
150 Seneca St, Oswego, New York

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150 Seneca St
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