70 Adaline St
$199,000
70 Adaline Street, Owego, NY 13827
4,320 sqft
Building Size
5
Units
Details:
Description:
Investor opportunity in the heart of Owego. This well-maintained 5-unit multifamily property features spacious layouts, separate gas and electric meters, and a strong rental history. Four of the five units are equipped with central air conditioning. Situated on a large, level lot, the property also includes a sizable barn offering additional storage or potential for value-add use. With solid in-place income and operating expenses under control, this property is priced to sell at a cap rate above 12%. Conveniently located near schools, downtown amenities, and major routes. A turnkey asset with immediate cash flow and long-term upside.
Centrally located in the Village of Owego, 70 Adaline Street offers easy access to local shops, restaurants, and essential services. Just minutes from Route 17/I-86, the property provides convenient connectivity to Binghamton, the Southern Tier, and surrounding employment hubs. Nearby schools, parks, and the Susquehanna River waterfront enhance tenant appeal, while the quiet residential setting supports stable occupancy. This is a prime location for renters seeking small-town charm with quick access to regional amenities and transit.
Strong cash flow with a projected cap rate above 12%
Includes large parcel with barn for added storage or value-add use
Prime location near schools, shops, and Route 17/I-86 access
Documents:
| Title | ||
|---|---|---|
| 70 Adaline St. Offering Memorandum |
Location
Gallery
