Property Description

High-performing mixed-use building right on Main Street in Oneonta. It has two commercial spaces and eight residential apartments that generate over $186,000 per year in gross income. One of the downstairs businesses has been a tenant for over 25 years, and the other commercial space has not had a long-term vacancy in more than 10 years. The eight apartments average a 95% occupancy rate with all but one tenant paying their own utilities, so the income stays very consistent on both the commercial and residential sides, still with plenty of upside potential. The location may be the most convenient in the area, with steady pedestrian and vehicle traffic and easy access to everything downtown Oneonta offers. The building has a proven track record, long-term tenants and management already in place, so it cash flows tremendously while letting the owner stay hands-off. This is a great opportunity to add a solid income-producing property to your portfolio. Schedule your showing today.

Property Features

Local Schools