111 Osborne Street, Auburn

$424,900

7 Beds
0 Baths
7,396 Sqft
.15 Acres
0 Garages

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

Essential Information
MLS® #R1535008
Price$424,900
Bedrooms7
Bathrooms0.00
Square Footage7,396
Square Footage6385
Acres0.15
Year Built1990
TypeCommercial Sale
Sub-TypeCommercial
StatusActive
Community Information
Address111 Osborne Street
AreaAuburn
SubdivisionSurvey & Pt Title
CityAuburn
CountyCayuga
StateNY
Zip Code13021
Utilities

Sewer Connected, Water Connected, Water, Heat

Features

Near Public Transit, Residential Lot

Parking

Driveway, No Garage, Three or more Spaces

Garages

Driveway, No Garage, Three or more Spaces

Interior
HeatingGas, Hot Water
# of Stories3
Stories3
Has BasementYes
BasementFull
Interior

Carpet, Laminate, Varies, Vinyl

Appliances

Gas Oven, Gas Range, Gas Water Heater, Refrigerator

Exterior
ExteriorVinyl Siding
Exterior FeaturesFence, Gravel Driveway
RoofAsphalt, Shingle
ConstructionVinyl Siding
Lot Description

Near Public Transit, Residential Lot

School Information
DistrictAuburn
Listing Details
Listing Courtesy of RE/MAX Revolution
Office #315-539-3323
LISTING MAP

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