Screaming Hot Investment Opportunity! 15% Cap Rate & 42% Cash on Cash Return
Type: 1-Bedroom, 1-Bath Duplex
Discover a lucrative investment property in the heart of Fulton, NY! This 1-bedroom, 1-bathroom duplex is perfectly situated next to a strip mall and close to all the amenities you could need. With long-term tenants, including one who has called this property home for over 20 years, both tenant are current and never miss their payment, this is a high cash-flowing gem you don't want to miss.
Property Highlights:
• High Cap Rate: 15% cap rate, offering strong income potential.
• Impressive Cash on Cash Return: 42% cash on cash, making this a standout investment.
• Prime Location: Conveniently located next to a strip mall and close to shopping, dining, and essential services.
• Tenant Stability: Occupied by long-term tenants, ensuring steady rental income.
• Owner-Occupant Potential: Live in one unit and let the other pay your mortgage, giving you the possibility of living for free!
This property is a rare find with an unbeatable combination of strong returns, prime location, and tenant stability. Whether you're an investor looking for a solid return or a homeowner seeking a way to offset your mortgage, 115 Pine St offers it all.
Don't miss out on this hot deal! Sold AS IS, price is firm and non-negotiable.
Off market
$93,400
115 Pine St, Fulton, NY 13069
2beds
1,116sqft
SingleFamily
Built in 1890
7,854 Square Feet Lot
$93,400 Zestimate®
$84/sqft
$1,598 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced air
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 1,116 sqft
Property
Features
- Exterior features: Other
Lot
- Size: 7,854 sqft
Details
- Parcel number: 35040025323031801
Construction
Type & style
- Home type: SingleFamily
Materials
- Metal
Condition
- Year built: 1890
Community & neighborhood
Location
- Region: Fulton