7 bedroom house for sale

Overview

ATTENTION INVESTORS: This rare fully Occupied and 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 CAPEX 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