19 Center 19 Center St 7 Unit Apartment Building $249,599 ($35,657/Unit) 15.00% Cap Rate Randolph, NY 14772

This building has 8 unit's total. All units are currently occupied. There is a 3rd floor/attic space that can be renovated into an additional unit for future value add. There is room to raise rents for more cashflow immediately, all units are under market rent. The property has differed maintenance, this is a project for an ambitious investor looking for a value-add property. Parking lot needs work, masonry needs work, and most apartments need updating. This is a for sale by owner no BS listing, I have a time demanding W-2 job. I don't have the time or capital to maximize the potential this property has. This could be a good tax shelter project for a high-income earner/investor.
The town has a sewer system that only accepts waste waters, every property in town has a holding tank for solids, this property is no exception and needs solids pumped out annually. Randolph is a small town with a good school district, it is not difficult to find tenants. There is a mix of tenant paid and owner paid utilities, some could be separated to also increase net income. The average median listing single family home price is approximately $209k. There is a coin operated washer and dryer on site as well.
Please reach out with questions through email. More photos can also be provided.