451 Market St - Apartments FOR SALE


Elmira, NY 14901
$950,000 USD
607-237-6558
451 Market St, Elmira, NY for Sale
$950,000 USD
Apartments - FOR SALE
1/30
null | 8.22% Cap Rate

451 Market St
Elmira, NY 14901


HIGHLIGHTS

  • Rare opportunity to invest in a stable, income-generating 17-unit mixed-use property on Elmira’s high-visibility East Market Street.

OVERVIEW

Rare opportunity to invest in a stable, income-generating 17-unit mixed-use property on Elmira’s high-visibility East Market Street, featuring 15 residential apartments and 2 commercial spaces. The unit mix includes 4 one-bedroom, 9 two-bedroom, and 2 three-bedroom apartments; gas utilities are tenant-paid. The property also offers 6 secure basement storage units (four 15×20 ft and two 10×10 ft) that can generate additional income. Prime East Market Street location with included off-street parking at 154 & 158 Fox Street, and an 8.2% cap rate.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$37 USD /SF

# OF UNITS

3

PRICE/UNIT

$316,667

CAP RATE

8.22%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

BB

APN/PARCEL ID

070400-089-020-0001-031-000-0000

ASK ABOUT THIS PROPERTY

Laura MelvilleWarren Real Estate Greater BinghamtonMore Info
607-237-6558

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Laura MelvilleWarren Real Estate Greater BinghamtonMore Info
607-237-6558

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.