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14 Moss Street #16

New Berlin, NY 13411

$1,195,000 $5,038/Mo

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Overview

Bed

Bath

4,538

Sqft

0.50

Acre(Lot)

Description

Rare opportunity to acquire a well-established investment portfolio consisting of seven residential multi-unit properties located throughout Norwich, Sherburne, and New Berlin. The package includes a diverse mix of 2-unit, 3-unit, and 4-unit buildings, offering investors the benefit of multiple income streams across three desirable City and Village locations. The portfolio maintains a very low actual Vacancy rate, generating annual gross rental income of approximately $218,000 and net income in excess of $125,000. Offered at a capitalization rate of 10.54%, this package provides excellent current cash flow with additional potential through continued professional management, strategic improvements, and future rent growth. Overall property conditions range from average to above average , with some deferred maintenance providing opportunities to further enhance curb appeal, value, and operating performance. Each property is conveniently situated within easy walking distance of local employment, shopping, dining, schools, and other community amenities—locations that help support consistent tenant demand and long-term occupancy. Whether expanding an existing portfolio or making a substantial entry into the multi-family investment market, this offering provides a rare opportunity to acquire multiple income-producing properties in a single purchase. Strong historical occupancy, diversified unit count, desirable locations, and attractive financial performance combine to make this a noteworthy Central New York investment opportunity. Owner Financing is not available. Seller is unable to break package or sell properties individually.

Property Details

Property Type : Residential

Price : $1,195,000

AD Id : 91156096

MLS Id : R1711749

Beds : 3

Lot Size : 0.50 Acre

Living Area Size : 4,538 Sq. Ft

Tax Amount : $28,143

Year Built : 1900

County : Chenango

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 3

Bathroom Information

Total Baths: 1 Full Baths: 1

Room Information

Has Basement: Yes Basement: Full
Flooring Information

Carpet, Hardwood, Tile, Varies, Vinyl
Interior Features

Appliances: Electric Water Heater, Water Heater
Heating & Cooling

Has Heating: Yes Heating: Electric, Baseboard, Forced Air, Natural Gas, Radiant

Building Information

Year Built: 1900 Building Area Total: 4538 Construction Materials: Attic/Crawl Hatchway(s) Insulated, Blown-In Insulation, Vinyl Siding, Wood Siding Stories: 2 Private Pool: No

Lot Information

Lot Dimensions: 110X200 Main Square Feet: 0.5 Acres Lot Size Acres: 0.5 Lot Size Square Feet: 21780 Lot Description: Irregular Lot

Listing Price Information

Listing Price: $1195000 Cash

Tax Information

Parcel Number: 083801-088-110-0002-019-000-0000 Tax Lot: 19 Annual Tax: $28143

Parking Information

Gravel, Paved

Utility Information

Sewer Connected, Water Connected
Location Information

Direction: Multiple Locations WaterSource: Public

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ByOwner last updated this listing 09/23/2026 @ 13:25

MLS: R1711749 LISTED BY: Kevin Walsh, Keller Williams Upstate NY Properties 607-336-3636 SOURCE: Upstate New York Real Estate Information Services (UNYREIS)