103 W Embargo Street, Rome, NY 13440
- $159,900
- 4
- BD
- 2
- BA
- 1,682
- SqFt
- List Price
- $159,900
- Status
- ACTIVE
- MLS#
- S1710444
- Year Built
- 1900
- Stories
- 2
- Bedrooms
- 4
- Bathrooms
- 2
- Acres
- 0.04
- Living Area
- 1,682
- Subdivision
- City/Rome
- Region
- Rome
- Neighborhood
- City/Rome
Property Description
14%+ CAP RATE! INVESTOR ALERT! CASH-FLOWING 2-UNIT DUPLEX IN THE CITY OF ROME GENERATING $2,300/MONTH IN GROSS RENT, OR $27,600 ANNUALLY. AT THE $159,000 ASKING PRICE, THIS PROPERTY OFFERS AN ATTRACTIVE 14.87% CAP RATE BASED ON ANNUAL RENTAL INCOME LESS PROPERTY TAXES. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH SPACIOUS LAYOUTS. THE LOWER UNIT RENTS FOR $1,200/MONTH AND INCLUDES A THIRD PARTIALLY FINISHED BONUS ROOM IN THE BASEMENT, UPDATED FLOORING, OVEN, REFRIGERATOR, AND A HOT WATER TANK INSTALLED APPROXIMATELY 6 MONTHS AGO. THE UPPER UNIT RENTS FOR $1,100/MONTH AND FEATURES AN UPDATED LAYOUT AND BRAND-NEW HOT WATER TANK. BOTH UNITS ARE CURRENTLY OCCUPIED, PROVIDING IMMEDIATE RENTAL INCOME FROM DAY ONE. LOW $159,000 PURCHASE PRICE, STRONG RENTAL INCOME, AND SIGNIFICANT UPSIDE MAKE THIS A GREAT OPPORTUNITY FOR INVESTORS LOOKING TO ADD A CASH-FLOWING PROPERTY TO THEIR PORTFOLIO. CONVENIENTLY LOCATED NEAR DOWNTOWN ROME, SHOPPING, RESTAURANTS, AND MAJOR ROUTES SUCH AS ERIE BVLD!
Additional Information
- Taxes
- $4,047
- Interior Features
- Ceiling Fan(s), Separate/Formal Living Room, Galley Kitchen, Living/Dining Room, Other, See Remarks, Bedroom on Main Level, Main Level Primary
- Exterior Features
- Blacktop Driveway
- Style
- Two Story
- School District
- Rome
- Water
- Connected, Public
- Sewer
- Connected
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Listing courtesy of Howard Hanna Real Estate. Contact: