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103 W Embargo Street, Rome, NY 13440

$159,900
: 4
BD
: 2
BA
: 1,682
SqFt

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List Price: $159,900
Status: ACTIVE UNDER CONTRACT
Days on Market: 4
MLS#: S1710445
Subtype: Residential
Style: Duplex
Architectural Style: Duplex
Year Built: 1900
Bedrooms: 4
Bathrooms: 2
Full Baths: 2
Living Area: 1,682
Lot Size: 1,742
Acres: 0.04
Subdivision: City/Rome
Neighborhood: City/Rome
MLS Area Major: Rome

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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!

+1 315-272-7419

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Additional Information

Interior Features: Ceiling Fan(s)
Taxes: $4,055
Property Description: Duplex
Flooring: Varies, Vinyl
Appliances: Gas Water Heater
Heating: Gas, Forced Air
Stories: 2
Levels: Two
Foundation: Stone
Parking Features: Paved, Two or More Spaces
School District: Rome