10 Beds
34,742 SqFt
10 Beds
34,742 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 34,742 sqft
Price per Sqft $51
MLS Listing ID S1557092
Bedrooms 10
Construction Status Existing
HOA Y/N No
Year Built 1878
Annual Tax Amount $21,488
Lot Size 5,662 Sqft
Acres 0.13
Lot Dimensions 54X106
Property Sub-Type Commercial
Property Description
the apartment are a mix of loft, studio, and 1-3 bedroom units. The CAP rate is well over 8% and with future expansion the cap rate can be well over 13% The owner bought a shell of a building in 2004 and designed the apartments and spaces with the potential for further development .
All expenses and rent will be disclosed upon request.
Please see the 360 links below
the building was originally built as an opera house then it became the local post office, and then taken over by the masons in the early 1900"s. In more recent times the building was owned by a local attorney until the current owner developed it into apartments and commercial space
Thiis is a turn key operation and is in mint condition. All newer mechanicals : heating, electrical Coin operated laundry on each floor, new roof & more
Dramatic views of the Mohawk Valley!!
Location
State NY
County Chenango
Area Norwich-City-081100
Direction NYS Route 12 in the city of Norwich to West Main Street.Building is across from the City Park adjacent to the Courthouse
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Ceramic Tile, Hardwood, Varies
Fireplace No
Appliance Gas Water Heater
Laundry Common Area, Coin-operated
Exterior
Community Features Elevator, Laundry Facilities
Utilities Available Sewer Connected, Water Connected
Roof Type Membrane,Rubber
Handicap Access Accessible Doors
Garage No
Building
Lot Description Near Public Transit, Residential Lot
Story 5
Sewer Connected
Water Connected, Public
Structure Type Brick,Frame,Copper Plumbing
Construction Status Existing
Schools
School District Norwich
Others
Senior Community No
Tax ID 081100-136-560-0002-004-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1557092