28 Unit Multifamily Upstate NY

Rome NY Fully gut renovated 28 key extended stay & Cold storage warehouse in vacant whitebox condition. 6 acres lot. Working class tenants all paying. Extended stay income: 1100-1300 avg rent including utilities. avg 95% occupancy. avg 37k/month RR. NOI 300k. Includes Cold storage warehouse & operating restaurant tenant. Asking 3M for both. Negotiable Property Highlights Former Red Carpet Inn, substantially renovated by current ownership Two parcels totaling approximately 6 acres Two separate buildings Online photos are outdated and do not reflect current condition Asking Price: $3,000,000 Extended-Stay Building 28 units across 2 stories Currently operated as long-term extended stay Approximately 95% occupied Average rents: $1,100–$1,300/month, including utilities Approximately $31,000/month rent roll Approximately $75,000 annual expenses Approximately $294,000 NOI Building extensively renovated, including new roofs Common-area kitchen Coin-operated laundry Resident lounge Fitness room Wireless internet Refrigerator and microwave in every unit Surveillance camera system Primarily working-class, long-term resident base Second Building Former nightclub, completely renovated Converted into warehouse/cold-storage space Certificate of Occupancy for cold-storage use Also includes a restaurant with an existing tenant