Active
63-65 Silver Street, Norwich NY 13815
MLS# R1688679
$449,900
Price
5
Beds
-
Baths
5,486
Living Area (Sq.Ft.)
0.3
Lot Area (Acres)
$449,900
Price
5
Beds
-
Baths
5,486
Living Area (Sq.Ft.)
0.3
Lot Area (Acres)
A rare TURNKEY, FULLY FURNISHED INCOME OPPORTUNITY, which blends short-term vacation rentals (via Airbnb/VRBO) with extended-stay professional housing. For investors seeking IMMEDIATE INCOME POTENTIAL, HIGHER RENTS THAN TRADITIONAL, AND A NICHE HOUSING MODEL WITH PROVEN DEMAND. The property is an OPERATIONAL, income-producing hospitality asset with multiple demand streams ALREADY IN PLACE. The property is already FULLY RENOVATED, CONFIGURED, and FURNISHED, eliminating the typical startup costs. The property consists of two fully-furnished adjacent residential properties with 5 total units. These adjacent properties offers larger combined capacity for groups or corporate clients and the ability to separate short and long term guests. <br>EXTENSIVE RENOVATIONS ($300K+) have been completed on the property, including a new roof (63 Silver St), interior framing and sheetrock, new windows/framing and insulation, new installation and renovation of kitchens and baths, new flooring and carpeting, new electric panels and wiring, new plumbing and sewer pipe, new gas pump heating and electric baseboard heaters and on-demand water heaters, new fencing, blacktop driveway, and other improvements. <br>The property received an exterior facelift as part of the City of Norwich's Home Beautification Program (Curb Appeal Program), and is located just around the corner from the city's recently updated Museum District, and close to the hospital and downtown Norwich NY. <br>Typical clients of extended stay rentals in this area include UHS Chenango Memorial Hospital (138-bed regional hospital which just completed a large-scale renovation), NBT Bank, Chobani, and GE Aerospace, Utility Subcontractors, Project-based Workers, as well as insurance placements. There is a high demand for extended stay and traveling nurse/medical staff housing in the area as there are limited rentals and hotels. <br>Airbnb/VRBO rentals are popular in summer months for local tourism, the Chenango Blues Fest, Gus Macker, Colorscape Chenango, Chobani Fall Harvest Market, Chenango County Fair, and numerous other local events. Cooperstown, Colgate University and state parks and lakes are a short distance away.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1885
Parcel Number
081100-136-410-0002-007-000-0000
Unit Number
--
Lot Features
Irregular Lot, Residential Lot
Levels
Two
Building Area Source
PublicRecords
Lot Size Dimensions
100X210
Stories
2
Community Features
None
Property Condition
Resale
Elementary School District
Norwich
Middle Or Junior School District
Norwich
High School District
Norwich
Location
Listing Agent
Deborah Sutton
Listing Office
Howard Hanna
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow,SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-14
Fire Places Total
0
Flooring
Carpet, Hardwood, Luxury Vinyl, Varies, Vinyl
Cooling
true
Cooling Features
HeatPump
Heating
true
Heating Features
Electric, Gas, Heat Pump, Baseboard, Forced Air
Appliances
Gas Water Heater, See Remarks, Tankless Water Heater
Garage
false
Garage Spaces
0
Exterior Features
Blacktop Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt, Metal, Shingle
Utilities
Sewer Connected, Water Connected
Parking Features
Three Or More Spaces, Driveway, No Garage, Shared Driveway
Basement
Full, Partial, Walk Out Access
Construction Materials
Fiber Cement, Other, Vinyl Siding
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.