5 W Main St, Norwich, New York, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$1,800,000

5 W Main St
Norwich, New York, United States

10bd

Listed By: Realtyww Info

Listed On: 08/06/2024

Listing ID: GL11697408 View More Details

Description

A piece of the City without living in the City! Completely renovated 5 story professional building with over 29000 sq ft with 12 apartments, CONSISTING OF 18 BEDROOMS AND 22 BATHROOMS, 2 commercial units, and an owners two story penthouse suite. All units have been fully rented for the past 15 years to present.A new Otis elevator services the entire building the apartment are a mix of loft, studio, and 1-3 bedroom units. The CAP rate is well over 8% and has the proforma to be well over 10%. The owner bought a shell of a building in 2004 and designed the apartments and spaces with the potential for further development. All expenses and rent will be disclosed upon request. Please see the 360 links below the building was originally built as an opera house then it became the local post office, and then taken over by the masons in the early 1900 s. In more recent times the building was owned by a local attorney until the current owner developed it into apartments and commercial space Thiis is a turn key operation and is in mint condition. All newer mechanicals : heating, electrical Coin operated laundry on each floor, new roof and more Dramatic views of the Mohawk Valley!!

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Listed by: Thalia Collis Berkshire Hathaway Cny Realty