UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,536 sqft
Price per Sqft $50
MLS Listing ID R1692728
Bedrooms 8
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1952
Annual Tax Amount $4,051
Lot Size 7,200 Sqft
Acres 0.1653
Lot Dimensions 50X144
Property Sub-Type Multi Family
Property Description
Attention investors looking to maximize net operating income: this fully occupied multi-family property is a premier addition to any portfolio, currently generating a strong gross revenue of $4,225 per month. In an incredible operational advantage, each tenant is fully responsible for their own separate electric and gas utilities, heavily insulating your bottom line from fluctuating energy costs and keeping landlord overhead to a bare minimum. Featuring a stable rental history and a highly convenient location near local amenities and regional transit, this asset represents immediate, optimized yield from day one. Perfect for investors executing a 1031 exchange or looking to scale their presence in the tight Southern Tier rental market with a low-friction, high-performance property. Financials and stable tenant history are available upon request. Schedule your portfolio review today!
Location
State NY
County Chemung
Area Elmira-City-070400
Rooms
Basement Partially Finished
Interior
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Architectural,Shingle
Building
Lot Description Rectangular, Rectangular Lot
Story 3
Foundation Stone
Sewer Connected
Water Connected, Public
Structure Type Composite Siding,Wood Siding
Construction Status Existing
Schools
School District Elmira
Others
Senior Community No
Tax ID 070400-089-008-0002-004-000-0000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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KW Upstate New York Properties
Broker License ID: 10991215115
Broker License ID: 10991215115