111 Osborne Street Auburn, NY 13021
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 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
- Property TypeCommercial
- NeighborhoodSurvey & Pt Title
- CountyCayuga
- Taxes$11,019
- HOA/Condo/Coop Fees$0
- Days on Site15 Days
- MLS StatusActive
- MLS ID NumberR1535008
- Home Size Source Public Records
- Year Built1990
- Lot Size0.1466 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Vinyl Siding
- Parking Threeormore SpacesDrivewayNo Garage
- Electric Circuit Breakers
- Basement Full
- Number of Stories 33
- Acreage 0.1466
- Water Public
- Cross Street Logan
- Garage Spaces 0
- Utilities Sewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Heating GasHot Water
- Appliances Gas OvenGas RangeGas Water HeaterRefrigerator
- Flooring CarpetLaminateVariesVinyl
- Fireplaces 0
- Laundry Features Common AreaCoinoperated
- Fireplace No
Exterior Features
- Roof AsphaltShingle
- Fencing Partial
- Waterfront Property No
- Exterior FenceGravel Driveway
- Lot Near Public Transit
- Road Frontage City Street
Community Features
- Township Not Applicable
- Community Features Laundry Facilities
- MLS Area Auburn-050100