Excellent income-producing property located directly on Sandy Creek with strong occupancy history and multiple income streams. This 7-unit property features a desirable mix of long-term and short-term rentals. Five units are currently leased between $850-$900/month with opportunity for rent increases. The 6th unit operates as a nightly rental at $95/night, offering additional income flexibility. The owner currently occupies the 7th unit, a spacious 3-bedroom with projected market rent estimated around $1,400/month (subject to market conditions and tenant demand). The property has been very well maintained over time, with various updates throughout. Apartment D was fully renovated in 2024, and several hot water heaters have been replaced. All units are located on a single level for easy access and lower maintenance. Each apartment features in-unit laundry and private balconies, with two units including garages. An additional detached garage offers the possibility for conversion into an 8th unit or use as storage space for added income. Tenants pay their own utilities (except for the nightly rental unit). The property is serviced by public water, two wells, and three septic systems. Located just off I-81, this property provides a convenient location for tenants while offering excellent income potential and steady occupancy.
Under contract
$579,000
9076 Route 289, Adams, NY 13605
7beds
0baths
6,000sqft
Multi Family
Built in 1975
-- sqft lot
$-- Zestimate®
$97/sqft
$-- HOA
What's special
Private balconiesDirectly on sandy creekIn-unit laundry
- 153 days |
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