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Countryside Apartments 7108 Rome Oriskany Rd 6 Unit Apartment Building $123,457 ($20,576/Unit) Rome, NY 13440
INVESTMENT HIGHLIGHTS
- TAKING ALL OFFERS, CASH ONLY OR SELLER'S FINANCING AVAILABLE, MUST SELL, MOTIVATED SELLERS, WILL ACCEPT HIGHEST/BEST OFFERS BY END OF THE WEEK.
EXECUTIVE SUMMARY
TAKING ALL OFFERS, CASH ONLY OR SELLER'S FINANCING AVAILABLE, MUST SELL, MOTIVATED SELLERS, WILL ACCEPT HIGHEST/BEST OFFERS BY END OF THE WEEK.
The "Investor's Dream"
Prime Value-Add Opportunity: Multi-Family Complex Ready for Full Restoration
Attention savvy investors and developers: a unique opportunity to revitalize a multi-family asset in a high-demand submarket. This apartment complex is currently vacant following a significant fire event, offering a "blank canvas" for an experience investor.
Property Status: Being sold strictly "AS-IS". The MAIN structure has experienced substantial fire, smoke, and water damage, necessitating a comprehensive gut-and-rebuild project. However, there are 6 separate cottages unaffected by the fire.
The Upside: Full vacancy allows for immediate mobilization. Skip the "tenant-in-place" headaches.
The "Investor's Dream"
Prime Value-Add Opportunity: Multi-Family Complex Ready for Full Restoration
Attention savvy investors and developers: a unique opportunity to revitalize a multi-family asset in a high-demand submarket. This apartment complex is currently vacant following a significant fire event, offering a "blank canvas" for an experience investor.
Property Status: Being sold strictly "AS-IS". The MAIN structure has experienced substantial fire, smoke, and water damage, necessitating a comprehensive gut-and-rebuild project. However, there are 6 separate cottages unaffected by the fire.
The Upside: Full vacancy allows for immediate mobilization. Skip the "tenant-in-place" headaches.
PROPERTY FACTS
| Price | $123,457 | Building Class | C |
| Price Per Unit | $20,576 | Lot Size | 2.16 AC |
| Sale Type | Investment | Building Size | 12,000 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 2.96/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | RR - Residential | ||
| Price | $123,457 |
| Price Per Unit | $20,576 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.16 AC |
| Building Size | 12,000 SF |
| No. Stories | 2 |
| Year Built | 1953 |
| Parking Ratio | 2.96/1,000 SF |
| Zoning | RR - Residential |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Yard
- Freezer
- Lawn
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 6 | - | 999 |
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PROPERTY TAXES
| Parcel Number | 259-002-0002-012-000-0000 | Improvements Assessment | $216,200 |
| Land Assessment | $9,800 | Total Assessment | $226,000 |
PROPERTY TAXES
Parcel Number
259-002-0002-012-000-0000
Land Assessment
$9,800
Improvements Assessment
$216,200
Total Assessment
$226,000
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Presented by
Harsh Dangaria
Countryside Apartments | 7108 Rome Oriskany Rd
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