37 Park Ave
Homer, NY 13077
35-37 Park Ave · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 2.41 AC |
| Property Type | Multifamily | Building Size | 8,640 SF |
| Property Subtype | Apartment | Year Built | 1984 |
| Building Class | C | Parking Ratio | 1.38/1,000 SF |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 2.41 AC |
| Building Size | 8,640 SF |
| Year Built | 1984 |
| Parking Ratio | 1.38/1,000 SF |
About 37 PARK AVE , HOMER, NY 13077
Cash flowing 8-unit apartment complex in Historic Homer! All units are clean, large and fully rented to long-term tenants. This is a turn-key property with upside potential on the rents. Tenants pay their own utilities. Over the past several years significant money has been invested back into the property. Some of the renovations include replacement windows, gutters, paving, porches, and water heaters. This is an excellent opportunity to invest in a solid 8-unit property while interest rates remain low. Broker is owner. Gross Income: $81,600 Annl Op Exp: $32,868 Net Op Inc: $46,284 Please do not disturb tenants because they are unaware that the property is being sold. Close to the Homer high school, Interstate-81, and the City of Cortland. Short commutes to Ithaca, Binghamton, and Syracuse.
Property Taxes
| Parcel Number | 113001-076-033-0001-030-100-0000 | Improvements Assessment | $329,400 |
| Land Assessment | $30,600 | Total Assessment | $360,000 |
Property Taxes
