191 Hudson Street | JOHNSON CITY
Turnkey three-family investment located just blocks from UHS Wilson Medical Center and Binghamton University’s Decker School. Fully vacant and ready for immediate leasing, the property offers projected gross income of $54,000 and a true 11% cap rate, with an estimated NOI of $33,713 after vacancy, utilities, heat, insurance, maintenance, management, water, sewer, and taxes. The property features a 3-car garage, plenty of parking, 4 electric meters including a common-area meter for the basement and hallways, plus 3 gas meters. Updates include new laminate flooring, kitchen tile, renovated bathrooms, vanities, countertops, cabinets, a freshly painted exterior, appliances stored in the garage, and a newly built retaining wall. In 2016, 3 water heaters were installed and the plumbing, ductwork, and electrical were updated. No work is needed. Suitable for a variety of rental strategies, including long-term, short-term, and mid-term rentals. Call your favorite real estate professional toda GBAR MLS #337217
Directions to property: Head West on Floral Avenue towards the traffic circle, turn right on Elizabeth Street, Property is on the Right. OR Head West on Grand Ave, Turn Left on Elizabeth Street, Property is on the Left.
