CB Faith Broker
cbfaithbrokerbroker@chime.me726 N James ST Rome, NY 13440
10 Beds
3 Baths
4,098 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,098 sqft
Price per Sqft $56
MLS Listing ID S1697845
Style Other,See Remarks
Bedrooms 10
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1890
Annual Tax Amount $6,778
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 60X199
Property Sub-Type Multi Family
Property Description
The main level features a spacious 3 bed, 1 bath apartment with both side and rear entrances, creating an ideal setup for owner occupancy or a traditional rental unit. Currently generating $900 per month in rental income, market potential is estimated between $1,200 and $1,800 per month.
The front portion of the property operates in a rooming house or hostel-style configuration, offering seven private single-room units, two shared full bathrooms, and a communal kitchen. Each room currently rents for approximately $320 to $350 per month, creating an impressive annual income potential estimated between $32,000 and $38,000.
For an owner-occupant, this presents a remarkable opportunity to live comfortably in the three bedroom apartment while benefiting from substantial income generated by the remainder of the property. Several tenants are long-term occupants who would welcome the opportunity to remain, providing valuable continuity for the next owner.
Additional improvements include updated vinyl windows throughout, a walk-up attic that is both insulated and well ventilated, and a dry, functional basement housing the mechanical systems. Conveniently located near grocery stores, the post office, dining options, and public transportation, this property offers both accessibility and exceptional versatility for investors and owner-occupants alike. Rome City taxes reflect the inclusion of unmetered water, public sewer, and weekly garbage & green waste pick up for that of a 2 unit rental, making operating costs incredibly economical.
Location
State NY
County Oneida
Area Rome-Inside-301301
Rooms
Basement Exterior Entry, Full, Walk-Up Access
Interior
Interior Features Ceiling Fan(s), Natural Woodwork
Heating Gas, Forced Air
Flooring Carpet, Varies
Furnishings Furnished
Fireplace No
Window Features Thermal Windows
Appliance Oil Water Heater
Exterior
Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Porch Covered, Open, Porch
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Other, See Remarks
Level or Stories Two
Structure Type Vinyl Siding,Copper Plumbing
Construction Status Existing
Schools
Middle Schools Lyndon H Strough Middle
High Schools Rome Free Academy
School District Rome
Others
Senior Community No
Tax ID 301301-242-027-0001-053-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Trust
Virtual Tour https://www.propertypanorama.com/instaview/syr/S1697845
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CB Faith Broker