APARTMENT - Ilion, NY
Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6 1/2 years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookups, as well as a furnace, central air conditioning, an electrical meter, and a panel box. Tenants are responsible for their own gas and electric bills. A house meter serves the common area and the basement. The basement spans the full length of the building and is primarily constructed of poured walls. 13 units are two bedrooms. One unit is a one-bedroom. Most units (11 of 14) feature front and rear porches, adding to tena...
Exceptional 14-unit investment opportunity in Frankfort, NY. This well-maintained complex offers consistent rental income and low operating expenses. With reliable tenants and only one current vacancy as the apartment is being updated, this property provides stable cash flow in the heart of the Mohawk Valley. The average tenant longevity is approximately 6 1/2 years, reflecting tenant satisfaction and property stability. Each unit features its own washer and dryer hookups, as well as a furnace, central air conditioning, an electrical meter, and a panel box. Tenants are responsible for their own gas and electric bills. A house meter serves the common area and the basement. The basement spans the full length of the building and is primarily constructed of poured walls. 13 units are two bedrooms. One unit is a one-bedroom. Most units (11 of 14) feature front and rear porches, adding to tenant appeal. There is ample parking for both renters and visitors, ensuring convenience and easy access. There is additional land for future expansion.
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