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70 Adaline St 5 Unit Apartment Building $272,200 CAD ($54,440 CAD/Unit) 11.93% Cap Rate Owego, NY 13827
Investment Highlights
- Prime location near schools, shops, and Route 17/I-86 access
- Includes large parcel with barn for added storage or value-add use
Executive Summary
Investor opportunity in the heart of Owego. This well-maintained 5-unit multifamily property features spacious layouts, separate gas and electric meters, and a strong rental history. Four of the five units are equipped with central air conditioning. Situated on a large, level lot, the property also includes a sizable barn offering additional storage or potential for value-add use. With solid in-place income and operating expenses under control. Conveniently located near schools, downtown amenities, and major routes. A turnkey asset with immediate cash flow and long-term upside.
Property Facts
| Price | $272,200 CAD | Apartment Style | Garden |
| Price Per Unit | $54,440 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 11.93% | Building Size | 4,320 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 0.93/1,000 SF |
| Zoning | Multi-family | ||
| Price | $272,200 CAD |
| Price Per Unit | $54,440 CAD |
| Sale Type | Investment |
| Cap Rate | 11.93% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,320 SF |
| No. Stories | 2 |
| Year Built | 1954 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | Multi-family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 493001-117-019-0002-050-001-0000 | Improvements Assessment | $102,853 CAD |
| Land Assessment | $35,290 CAD | Total Assessment | $138,144 CAD |
Property Taxes
Parcel Number
493001-117-019-0002-050-001-0000
Land Assessment
$35,290 CAD
Improvements Assessment
$102,853 CAD
Total Assessment
$138,144 CAD
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70 Adaline St
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