Chittenango, NY 13037,6749 Ramsgate RD
Chittenango, NY 13037,6749 Ramsgate RD
Chittenango, NY 13037,6749 Ramsgate RD
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$299,900
Est. payment /mo
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5,828 SqFt
New

6749 Ramsgate RD Chittenango, NY 13037

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,828 sqft

Price per Sqft $51

Subdivision Varicks Location

MLS Listing ID S1658423

Construction Status Existing

HOA Y/N No

Year Built 1970

Annual Tax Amount $6,748

Lot Size 0.760 Acres

Acres 0.76

Lot Dimensions 255X150

Property Description

Excellent investment opportunity in the heart of Chittenango! This well-maintained 4-unit property offers strong income potential and positive cash flow, plus the rare bonus of an additional storefront providing extra revenue. Conveniently located near shopping, dining, and everyday amenities, and just minutes from the Yellow Brick Road Casino, bringing steady traffic and long-term demand to the area. Ideal for investors looking to expand their portfolio with a mixed-use asset in a growing market. Turn-key opportunity with upside — don't miss it! Current rents include 2 occupied units ($970 - 2 bedroom & $1100 - barn/ retail space).. and the other three units are vacant, with potential market rents once filled that could be ($850+ & $850+ for each studio unit, and $950+ for the 1 bedroom) resulting in $4,720 total monthly or a $56,640 yearly rental revenue. After estimated expenses that include taxes, insurance, vacancy rate and maintenance of a conservative $10,000, the capitalization rate (and under valued market leases) would be a healthy 15+%!!! Extra large garage space for tenant storage, mowers or plow truck. Upgrades include a newly pumped septic tank (2 separate tanks for each building) all hot water tanks are less than 5 years old, 2 bedroom unit has brand new furnace. New carpet and paint in all units. Reach out today for more information! This property is cross listed under Multi-Family MLS#1657380

Location

State NY

County Madison

Community Varicks Location

Area Sullivan-254889

Rooms

Basement Full

Interior

Heating Gas, Baseboard, Forced Air

Inclusions Land and Building

Fireplace No

Exterior

Roof Type Shingle

Total Parking Spaces 1

Building

Lot Description Rectangular, Rectangular Lot

Story 1

Sewer Septic Tank

Level or Stories One

Construction Status Existing

Schools

School District Chittenango

Others

Tax ID 254889-048-007-0001-024-000-0000

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1658423

Listed by Acropolis Realty Group LLC

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 3
  • 9

    Bolivar Road Elementary School

    Public | PK - 4

  • 3

    Chittenango Middle School

    Public | 5 - 8

  • 0

    Lake Street Elementary School

    Public | KG - 2

High Schools 1
  • 7

    Chittenango High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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