$424,900
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111 Osborne St Auburn, NY 13021
General Commercial
Residence
7
Beds
Baths
7,396
Sq. Ft.
0.15
Acre
Lot
Property Activity
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ATTENTION INVESTORS: This rare fully Occupied & Stabilized 7-Unit Apartment Building is located in Auburn, NY and is a great investment opportunity! All 7 units are currently leased with separate electric meters to provide immediate and stabilized cash flow. The building has undergone extensive CAP...EX renovations resulting in low maintenance costs and retention of several 5+ year tenants. Significant updates include a new roof, modern electrical panels, new PVC plumbing throughout, and new sheetrock/flooring in 5 of the 7 units in 2018. Additional major interior renovations were completed in 2023 including new furnace thermo couplings, valves, and tune-up, plus major renovations in Unit 3 and Unit 7 including modern LVT floors, new interior doors, a fully gutted bathroom, and complete paint out. The property features 8 off-street paved parking spaces, an onsite coin-operated laundry for additional income, and minimal lawn maintenance with only a small curb strip of grass for the entire property. This turnkey property has a current Certificate of Occupancy dated March 2024 and is an excellent opportunity for investors to expand their portfolio
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MLS#
R1535008
Property Type
General Commercial
Bedrooms
7
Year Built
1990
Square Feet
7,396
sq. ft
Lot Size
0.15
Sewer
Sewer Connected
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