103 W Embargo ST, Rome, NY 13440
103 W Embargo ST, Rome, NY 13440
103 W Embargo ST, Rome, NY 13440
14
See all 14 photos
$159,900
Est. payment /mo
4 Beds
2 Baths
1,682 SqFt
New

103 W Embargo ST Rome, NY 13440

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Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,682 sqft

Price per Sqft $95

Subdivision City/Rome

MLS Listing ID S1710445

Style Duplex

Bedrooms 4

Full Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $4,055

Lot Size 1,742 Sqft

Acres 0.04

Lot Dimensions 50X33

Property Sub-Type Multi Family

Property Description

14%+ CAP RATE! INVESTOR ALERT! CASH-FLOWING 2-UNIT DUPLEX IN THE CITY OF ROME GENERATING $2,300/MONTH IN GROSS RENT, OR $27,600 ANNUALLY. AT THE $159,000 ASKING PRICE, THIS PROPERTY OFFERS AN ATTRACTIVE 14.87% CAP RATE BASED ON ANNUAL RENTAL INCOME LESS PROPERTY TAXES.

EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH SPACIOUS LAYOUTS. THE LOWER UNIT RENTS FOR $1,200/MONTH AND INCLUDES A THIRD PARTIALLY FINISHED BONUS ROOM IN THE BASEMENT, UPDATED FLOORING, OVEN, REFRIGERATOR, AND A HOT WATER TANK INSTALLED APPROXIMATELY 6 MONTHS AGO. THE UPPER UNIT RENTS FOR $1,100/MONTH AND FEATURES AN UPDATED LAYOUT AND BRAND-NEW HOT WATER TANK.

BOTH UNITS ARE CURRENTLY OCCUPIED, PROVIDING IMMEDIATE RENTAL INCOME FROM DAY ONE. LOW $159,000 PURCHASE PRICE, STRONG RENTAL INCOME, AND SIGNIFICANT UPSIDE MAKE THIS A GREAT OPPORTUNITY FOR INVESTORS LOOKING TO ADD A CASH-FLOWING PROPERTY TO THEIR PORTFOLIO. CONVENIENTLY LOCATED NEAR DOWNTOWN ROME, SHOPPING, RESTAURANTS, AND MAJOR ROUTES SUCH AS ERIE BVLD!

Location

State NY

County Oneida

Community City/Rome

Area Rome-Inside-301301

Rooms

Basement Full

Interior

Interior Features Ceiling Fan(s)

Heating Gas, Forced Air

Flooring Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot

Story 2

Foundation Stone

Sewer Connected

Water Connected, Public

Architectural Style Duplex

Level or Stories Two

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Rome

Others

Senior Community No

Tax ID 301301-242-042-0003-024-000-0000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1710445


Listed by Howard Hanna Real Estate

GET MORE INFORMATION

Tyler Marschall

Tyler Marschall

Agent License ID: NY# 10401364182

+1(585) 210-8445

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103 W Embargo ST