26 Unit Multifamily Rome, NY

$2,950,000 Off-Market
Price$2,950,000
Cap Rate10%
NOI$295,000
Units26
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Investment Highlights

Rome NY Fully gut renovated 26 key extended stay. 3 acres lot. Working class tenants all paying. 1100-1300 avg rent including utilities. avg 95% occupancy. NOI 295k. Asking 2.95M Negotiable

Property Highlights
26-unit extended-stay property
Property has been fully converted/renovated for extended-stay use
Situated on approximately 3 acres
Approximately 95% average occupancy
Asking Price: $2,950,000
Approximately $342,000 annual rent roll
Approximately $60,000 annual expenses
Approximately $283,000 NOI (295K today)
Two units feature full kitchens
Remaining units equipped with refrigerators and microwaves

Location

📍 Rome, NY

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Yaniv Grinberg
  • Yaniv Grinberg