9-15 Elm Street, Oneonta, NY 13820

Property Description

Incredible mixed-use investment property right on Main Street in Oneonta. The building has six apartments in a range of sizes and two commercial spaces, it brings in approximately $120,000 a year in gross operating income, with plenty of room to grow. Both the residential and commercial sides have an outstanding rental history. One business has been a tenant for over 10 years, and the larger commercial space has not sat empty for more than a few months in almost a decade. That kind of stability is hard to find, and it makes this a dependable, long-term income property. The location is hard to beat. Being on the corner of Main Street and Elm Street keeps the commercial spaces in front of steady traffic, and public transit is close by for residents and customers. The building also has more than 15 parking spaces for tenants and commercial customers, which is rare in downtown Oneonta and a real advantage for keeping units and storefronts filled. With strong income, long-term tenants and room to increase rents, this is an opportunity serious investors will want to see.