103 W Embargo Street, Rome, NY 13440

New - 40 Hours Ago

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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!

103 W Embargo Street | MLS# S1710445

This home located at 103 W Embargo Street, Rome, NY 13440 is currently listed for sale with an asking price of $159,900. This property was built in 1900 and has 4 bedrooms and 2 full baths with 1682 sq. ft. W Embargo Street is located in the City/Rome subdivision within the Rome school district. Search City/Rome real estate on blake-hitt.timberlandproperties.com today.

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Property Features

Property Type: Residential - Multiple
Basement: Full
Heating: Gas, ForcedAir
Home Style: Duplex
Lot Size: 0.04 Acres
Stories: 2.0
Taxes: $4,055
Year Built: 1900

Amenities

CeilingFans

Feature Descriptions

Appliances: GasWaterHeater
Days on Site: 1
Exterior: VinylSiding
Flooring: Varies, Vinyl
Lot: NearPublicTransit, Rectangular, RectangularLot
Lot Dimensions: 50X33
Parcel#: 301301-242-042-0003-024-000-0000
Parking: Paved, TwoOrMoreSpaces
Parking Notes: Paved, TwoOrMoreSpaces
Sewer: Connected
Units: 2
Utilities: CableAvailable, ElectricityConnected, HighSpeedInternetAvailable, SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Rome

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Estimated Payment

$ 740.42 per month $355.87 Principal & Interest $337.92 Property Tax $46.64 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Howard Hanna Real Estate
Agency Phone: 315-622-2111

Shown By

Agent Name: Blake Hitt
Agent Phone: (607) 434-8219
Agency Title: Timberland Properties

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