Property Details
Property Type
Multi Family- 4 unit
Location
Deal type
Waverly NY
🏡 TURNKEY MID-TERM RENTAL OPPORTUNITY – VALUE-ADD POTENTIAL
484 Fulton St, Waverly, NY 14892
💰 Asking Price: $269,900
This 4-unit multifamily investment in Waverly, NY is a prime cash-flowing opportunity with value-add potential. Three units are currently rented, and the owner-occupied unit will be vacated at closing. The 2-bedroom unit can be converted into two separate units, increasing the total count to 5 units for additional income.
🔨 By The Numbers:
Current Rent: $3,350/month
Proforma Rent (4 Units): $4,850/month
Proforma Rent (5 Units): $5,550/month
Cap Rate (Proforma, 5 Units): 17.4%
🏠 Property Highlights:
✔️ Turnkey Investment – Immediate Cash Flow
✔️ Under $70K Per Door – Great Entry Price
✔️ Mid-Term Rental Demand – Referral Agreement with Local Healthcare Facilities
✔️ Expansion Potential – Convert to 5 Units for Increased ROI
✔️ Strong Market Growth – Rents Below Market with Room to Increase
📍 Prime Location – Waverly, NY
Located in a stable rental market with strong tenant demand, close to major employers, healthcare facilities, and regional economic growth centers.
📸 Photos, Floor Plans & Rent Roll Available
🔧 Detailed Value-Add & Market Analysis Provided
📞 For Details & Walkthroughs:
The Morrow Wargo Group | Realty ONE Group Supreme
📲 484-791-6200 | 📧 Admin@morrowwargo.com