16-18 Myrtle Avenue

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16-18 Myrtle Avenue

Oneonta, NY 13820
Asking Price
$1.10M
Cap Rate
9.5%
Asset Type
Student Housing Multifamily
Class
Class B

What's Special

Turn-Key Student Housing Portfolio | 3 Properties | ~9.5% Cap Rate | Strong In-Place Cash Flow | Ful <ul><li>​9.5% cap rate with immediate cash flow</li><li>​Turn-key, fully furnished, and leased for upcoming school year</li><li>​Three-property student housing portfolio in Oneonta, NY</li><li>​Proven, fully permitted rental assets with strong leasing history</li><li>​Diverse unit mix with 5BR 2-unit, 3BR (expandable), and 10-person duplex</li><li>​Strong NOI with stable, in-demand student housing fundamentals</li><li>​Value-add upside via potential bedroom conversion</li><li>​Rare, scalable por

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NOI
$80,000
Cap Rate
7.27%
DSCR
1.22
Tight
Cash-on-Cash
4.45%
Monthly Payment
$5,442.2
Annual Cash Flow
$14,693.602

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