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200 W. 2nd St and 22 S. Mohawk St Oswego 200 W 2nd St 9 Unit Apartment Building $1,050,000 ($116,667/Unit) 10.35% Cap Rate Oswego, NY 13126

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INVESTMENT HIGHLIGHTS

  • Two Multi-Family Dwellings and Mixed-Use Building, and 28 Car Parking lot on Two Tax Parcels
  • Renovated Church with Event Space (Harbor Hall), Lower-Level Cafe (Prohibition Coffee)
  • One 6-Unit and a One Family Residence with 4 Bedrooms, 1.5 Baths and Garage
  • Conveniently located between W. Bridge and W. Utica St, close to SUNY Oswego & Rt 481

EXECUTIVE SUMMARY

OSWEGO NY INVESTMENT PACKAGE - Unique offering features three buildings for sale on two separate tax parcels in the City of Oswego in an Opportunity Zone. Property consists of two Multi-Family Dwellings and a converted church. The dwelling at 200 W. 2nd St is a 6-unit fully leased residential building, with 5 one-bedroom units and one studio unit. 22 W. Mohawk St consists of a one family residence with 4 bedrooms, small driveway and garage, as well as the former church that has been converted to event space, Harbor Hall, a large, open space with tall ceilings, large windows and a loft. The event hall can be used for weddings, parties, meetings and the like and can accommodate 128 people seated. There is a bar area with a sink available for guest use. The lower level is ADA accessible and exquisitely redone. Formerly used as a coffee shop with a small commercial kitchen and a grease trap, there is open space with private rooms and that could accommodate another small restaurant or office space. Ideally, this building could be converted to luxury apartments unlike anything available in this market. The property is conveniently located between W. Utica St. and W. Bridge St., just two blocks from the riverfront, and walking distance to shopping and restaurants. It's also a short distance to SUNY Oswego and Rt. 481 South to Fulton and Syracuse.

PROPERTY FACTS

Price $1,050,000
Price Per Unit $116,667
Sale Type Investment
Cap Rate 10.35%
No. Units 9
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
Apartment Style Low-Rise
Building Class C
Lot Size 0.39 AC
Building Size 3,070 SF
Average Occupancy 85%
No. Stories 2
Year Built/Renovated 1920/2018
Parking Ratio 9.12/1,000 SF
Zoning M1

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Washer/Dryer
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Tub/Shower

SITE AMENITIES

  • 24 Hour Access
  • Smoke Free
  • Public Transportation

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 1 - -
1+1 5 - -
4+1.5 1 - -
Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
351200-128-063-0001-006-000-0000
Land Assessment
$21,200
Improvements Assessment
$188,800
Total Assessment
$210,000
  • Listing ID: 34008127

  • Date on Market: 11/26/2024

  • Last Updated:

  • Address: 200 W 2nd St, Oswego, NY 13126

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