⭕ Asking price $2,400,000 -over 11% cap rate

Monthly rentroll has been steady at around $28,000 for the past few months
3000 sq.ft. Owners Penthouse · 2000 sq.ft. Managers Apartment · Underground Garage
Furnished Residential 1-Bedroom & Studio Apartments · Extended Stay Guest Suites · Professional Offices
Well-Kept 4-Story Steel & Concrete Building · Elevator · ·

All Indoor Corridors ·
Only 3 Minutes From The Interstate 90 Thruway Exit

Tenants are long term (10, 20, even one for 40 years). Property is 100% occupied. Owner has approx . 20 people a week inquire for apartments. The owner will show the property and take a potential buyer around to show him the area. The owner would like to do a lease back of the office space he uses. He has offered to stay on as management if its needed but said thats open for the new buyer.
There is value add to the property without having to change any physical attributes.......the owner has the proforma to demonstrate that he will share a buyer I registered .
Note: someone who may be looking for a hands-on investment in the United States in order to get a visa to reside here may benefit from this property. Owner came into theUS with an E-2 visa which they kept renewing for 20 years. The property is set up like this, because a passive investment would not qualify for an E-2 visa. It has to be an active hand-on investment. So this is the perfect property for someone also looking to get a visa. It is tailor made for that and its been perfected.

For temporary specialized workers in the area:
www.cnyrent.com

And about the Remington Arms manufacturing facility only 3 minutes from here:
http://www.remington.com/pages/our-company/our-company/company-info/ilion-firearms-plant.aspx


Rome Air Force Research Lab is in Rome, 30 minutes from the property.
http://www.wpafb.af.mil/afrl/ri/

4 hospitals are within 10, 20 and 30 minutes from the property. Nurses and travel nurses (13 week assignments) stay at this property while in the area. The suites (3 month leases) are perfect for these assignments.
Many other employers are in the immediate area as well.

If there is interest I will register the buyer with the owner. The owner has a secure website and password he can provide for a better look at the property.
If the buyer would like to get the financial, I can introduce them and let them talk directly. I have a fee agreement in place with my seller.


Jeffrey Groh