7-9 Weidman Place, Emmons, NY 13820 - Otsego County

6 UNITS, 16 BEDROOMS, 7 BATHROOMS! GREAT LOCATION, solid rental history, close to both colleges, a block to bus stop, great parking, short walk to Main Street. 3 two bedrooms, 2 three bedrooms, 1 four bedroom, all furnished. Boiler new 2010. Common laundry in basement, as well as 2 laundry areas upstairs (new 2017 & 2023). COC in place. Includes 2 parcels, 2nd tax map# 288.17-3-16. RENTS: Apt 1- 12 month lease, $1000 month, 2 bedrooms, rented thru 7/31/24. Apt 2 - $3600 per student/per semester, 2 bedrooms, rented for 23-24. Apt 3 - $3600 per student/per semester, 3 bedrooms. (1 bedroom was vacant fall 2023, 2 bedrooms are vacant Spring 2024, Apt 4 - $3600 per student/per semester, 2 bedrooms, rented 2023-24. Apt 5 - $3600 per student/per semester, 3 bedrooms, rented 2023-24. Apt 6 - $3250 per student/per semester, 4 bedrooms, vacant until March-rented for 2 months @$1200 per month. 2023 Income was $93,238, Expenses were $76,860. 2023 expenses include new laundry area and new sewer line to the street along with other improvements. The 2022 income was $100,865, expenses were $49,470. The 2021 Income was $124,624. 2021 expenses were $62,190. EXPENSES include a 10% management fee.

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