Investment Opportunity: 5 Apts With Hamilton Elect/Hamilton SD
SOLD
County
MadisonAcreage
0.83 ±SOLD
County
MadisonAcreage
0.83 ±Address
1323 State Highway 12B, Lot#WP001
Hamilton, NY 13346
View on Google Maps
Description
This great income-producing investment opportunity is only 2 miles from the village of Hamilton, recently named one of the Friendliest Towns in America by Forbes Magazine and home to the nationally ranked liberal arts college of Colgate University. This property is in a highly desirable location, minutes from town but still in the country. It is also located within the Hamilton Central School District, a top-rated school in NYS by US News & World Report. The property consists of two separate 2-story apartment buildings with ample parking out front. There are three 2 bedroom/1 bath apartments, one 3 bedroom/1.5 bath apartment, and one 4 bedroom/2 bath apartment. Four of the apartments are occupied with solid rental history, even during COVID, with a current monthly income at ~$3000/month for 4 of the units. The 4 bedroom apartment is currently occupied by the owner and could add substantially to the monthly income. All units have been entirely remodeled from the ground up between 2000 and 2007, so the units have been all updated and in very good condition. Standard appliances come with each unit, including range, refrigerator, and a closet with hook-ups for washer/dryer. The two larger units also include dishwashers, and the 4 bedroom includes a microwave/range hood. The building with the (3) 2 bedroom apartments each has a patio with a fenced-in backyard for privacy, while the larger units have small decks out back—high-speed internet provided by Spectrum. Electricity and heat are provided by Hamilton Electric Co-op, a highly respected and sought-after service provider, offering an average residential rate of 53.5% less than the New York State average rate with considerable savings. There is ample parking out front of the entire complex and a nice yard around the side and back. The property has a great location near the pretty village of Hamilton for amenities as well as area attractions and culture: renowned restaurants and breweries, shopping, culture and performing arts in Hamilton, Syracuse, Clinton/Utica, and Cooperstown, outstanding fishing and boating in numerous lakes and rivers all well within an hour or less. NYS Lands, Forest, and Wildlife Management areas abound in the surrounding areas. Only one hour from Syracuse and less than four hours from the George Washington Bridge.
Sold Property
For more information or to see additional properties currently for sale see Josh Buell's listings.Property Listing
Type
Residential Land, Commercial Land
Road Frontage
County Road























Legal
The information contained herein is deemed reliable but is not warranted or guaranteed by the Broker, its Agents, or the Seller. Access to property, access to utilities, or any measurements including but not limited to, acreage, square footage, frontage, and mapping boundary lines shared herein has not been independently verified and is for purposes of marketing only. If exact measurements, access to property, or access to utilities is a concern, the property should be independently measured or investigated by the prospective buyer.
COOPERATING BROKER COMPENSATION: Please contact Listing Agent/Broker for terms of cooperating Buyer Broker compensation. Terms of compensation, if any, shall be ascertained by cooperating brokers before beginning efforts to accept the offer of cooperation. Buyer’s Agents/Brokers must be identified, by Buyers and/or their Brokers/Agents, on the first contact with Listing Broker/Agents to receive compensation. Otherwise, compensation will be at the sole discretion of the Seller, Broker, and Whitetail Properties Real Estate, LLC.
Real Estate Commissions and Cooperating Broker Compensation, if any, are fully negotiable and is not fixed or controlled by law, by Whitetail Properties Real Estate, LLC (or any division/trade name/DBA of), or its Agents/Brokers.