Property Description

Well established multifamily portfolio with strong occupancy and income across two Central New York communities. This offering brings together eight residential properties in Oxford and Norwich with a total of 16 units - six 2-unit multi-families, one 3-unit and one single family residence. The portfolio has maintained very low vacancy and generates $182,000 in annual gross rental income, with net income of $106,700. At a projected 10.72% capitalization rate, it offers substantial current income along with potential to improve performance through property updates and future rent growth. Property conditions range from average to above average, with some deferred maintenance presenting opportunities for an investor to add value. The buildings are located within walking distance of local employers and everyday amenities, supporting continued rental demand. For a buyer seeking to expand an existing portfolio or acquire multiple income-producing properties in one transaction, this package merits a closer look.

Property Features

Local Schools