$700,000
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25 Beds
21,348 SqFt
SOLD DATE : 05/13/2022
Key Details
Sold Price $700,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 21,348 sqft
Price per Sqft $32
Subdivision Lestershire
MLS Listing ID 315605
Sold Date 05/13/22
Style Multi-Family
Bedrooms 25
HOA Y/N No
Abv Grd Liv Area 21,348
Year Built 1960
Annual Tax Amount $18,415
Lot Dimensions 50x150
Property Sub-Type Apartment
Property Description
Excellent investment in close proximity to the new University in Johnson City, NY. This building represents a huge value add opportunity. This building is located at the intersection of Main and Avenue D at the end of Broad Ave. This is a short walk to the new Pharmaceutical School. If location is everything then this building has it all. This is 18 Residential units and 2 very large Commercial Spaces. Each residential unit has it's own furnace. The building is separately metered. The Landlord pays for the water heaters and common areas while tenants pay the remainder of their own utilities. There are a total of 25 Beds in the complex. 1 Studio, 1-3 Bed Unit, 5-2 Bed Units and 11-1 Bed Units plus 2 massive street level Commercial spaces suitable for a number of uses. This is an excellent value add opportunity.
Location
State NY
County Broome
Community Lestershire
Area Area 04
Zoning Central Business District
Direction Corner of Main St and Avenue D.
Interior
Heating Forced Air
Cooling None
Flooring Carpet, Hardwood, Tile
Appliance Gas Water Heater
Exterior
Utilities Available Cable Available
Garage No
Building
Lot Description Level
Foundation Basement
Sewer Public Sewer
Water Public
Architectural Style Multi-Family
Structure Type Brick
Schools
Elementary Schools Johnson City Elementary
School District Johnson City
Others
Tax ID 034603-143-057-0002-033-000-0000
Ownership OWNER
Financing Cash
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Bought with KELLER WILLIAMS REALTY GREATER BINGHAMTON