103 W Embargo Street, Rome, NY 13440

Property Description

14%+ CAP RATE! INVESTOR ALERT! CASH-FLOWING 2-UNIT DUPLEX IN THE CITY OF ROME GENERATING $2,300/MONTH IN GROSS RENT, OR $27,600 ANNUALLY. AT THE $159,000 ASKING PRICE, THIS PROPERTY OFFERS AN ATTRACTIVE 14.87% CAP RATE BASED ON ANNUAL RENTAL INCOME LESS PROPERTY TAXES. EACH UNIT FEATURES 2 BEDROOMS AND 1 FULL BATH WITH SPACIOUS LAYOUTS. THE LOWER UNIT RENTS FOR $1,200/MONTH AND INCLUDES A THIRD PARTIALLY FINISHED BONUS ROOM IN THE BASEMENT, UPDATED FLOORING, OVEN, REFRIGERATOR, AND A HOT WATER TANK INSTALLED APPROXIMATELY 6 MONTHS AGO. THE UPPER UNIT RENTS FOR $1,100/MONTH AND FEATURES AN UPDATED LAYOUT AND BRAND-NEW HOT WATER TANK. BOTH UNITS ARE CURRENTLY OCCUPIED, PROVIDING IMMEDIATE RENTAL INCOME FROM DAY ONE. LOW $159,000 PURCHASE PRICE, STRONG RENTAL INCOME, AND SIGNIFICANT UPSIDE MAKE THIS A GREAT OPPORTUNITY FOR INVESTORS LOOKING TO ADD A CASH-FLOWING PROPERTY TO THEIR PORTFOLIO. CONVENIENTLY LOCATED NEAR DOWNTOWN ROME, SHOPPING, RESTAURANTS, AND MAJOR ROUTES SUCH AS ERIE BVLD!