14 Moss Street , Unit 16, New Berlin, NY 13411

New - 9 Hours Ago

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Property Description

Rare opportunity to acquire a well-established investment portfolio consisting of seven residential multi-unit properties located throughout Norwich, Sherburne, and New Berlin. The package includes a diverse mix of 2-unit, 3-unit, and 4-unit buildings, offering investors the benefit of multiple income streams across three desirable City and Village locations. The portfolio maintains a very low actual Vacancy rate, generating annual gross rental income of approximately $218,000 and net income in excess of $125,000. Offered at a capitalization rate of 10.54%, this package provides excellent current cash flow with additional potential through continued professional management, strategic improvements, and future rent growth. Overall property conditions range from average to above average, with some deferred maintenance providing opportunities to further enhance curb appeal, value, and operating performance. Each property is conveniently situated within easy walking distance of local employment, shopping, dining, schools, and other community amenities-locations that help support consistent tenant demand and long-term occupancy. Whether expanding an existing portfolio or making a substantial entry into the multi-family investment market, this offering provides a rare opportunity to acquire multiple income-producing properties in a single purchase. Strong historical occupancy, diversified unit count, desirable locations, and attractive financial performance combine to make this a noteworthy Central New York investment opportunity. Owner Financing is not available. Seller is unable to break package or sell properties individually.

14 Moss Street , Unit 16 | MLS# R1711749

This home located at 14 Moss Street , Unit 16, New Berlin, NY 13411 is currently listed for sale with an asking price of $1,195,000. This property was built in 1900 and has 3 bedrooms and 1 full baths with 4538 sq. ft. Moss Street , Unit 16 is located within the Unadilla Valley school district. Search New Berlin real estate on blake-hitt.timberlandproperties.com today.

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Property Features

Property Type: Residential - Multiple
Basement: Full
Heating: Electric, Gas, Baseboard, ForcedAir, Radiators
Home Style: Other, SeeRemarks, Duplex, Triplex
Lot Size: 0.50 Acres
Stories: 2.0
Taxes: $28,143
Year Built: 1900

Amenities

PropaneTankLeased

Feature Descriptions

Appliances: ElectricWaterHeater
Exterior: AtticCrawlHatchwaysInsulated, BlownInInsulation, Vin
Flooring: Carpet, Hardwood, Tile, Varies, Vinyl
Lot: IrregularLot, ResidentialLot
Lot Dimensions: 110X200
Parcel#: 083801-088-110-0002-019-000-0000
Parking: Gravel, Paved
Parking Notes: Gravel, Paved
Sewer: Connected
Units: 19
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Unadilla Valley

Estimate Your Payment

Estimated Payment

$ 5,353.34 per month $2,659.55 Principal & Interest $2,345.25 Property Tax $348.54 Homeowner's Insurance

Change Payment Information

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years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Keller Williams Upstate NY Properties
Agency Contact: 607-226-8880

Shown By

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

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