16 Read StHancock, NY 13783

Property Details for 16 Read St

Lot size

0.13 AC

Property type

Mixed-use properties

Description

This exceptional mixed-use property at 16 Read Street in Hancock, New York, presents a compelling investment opportunity. Priced at $799,000, this 0.13-acre lot boasts a fully rented 11-unit building, ideal for a seasoned investor seeking to expand their portfolio. The property's prime location offers unparalleled convenience, situated within walking distance of Hancock's Town Square, a laundromat, Guthrie Walk-In clinic, NBT Bank, and Tops Friendly Markets grocery store. Recent upgrades significantly enhance the property's value and appeal. These improvements include a brand-new roof and the complete renovation of two units, ensuring long-term stability and potential for increased rental income. The building's current occupancy rate of 100% speaks to its desirability and strong tenant base. The precise square footage of the building is currently unavailable, however, the property's strong rental income and strategic location make it a highly attractive investment prospect in the thriving Hancock, NY market. This is a rare opportunity to acquire a well-maintained, fully-rented multi-unit building in a highly desirable location. The property's proximity to essential amenities and its recent upgrades make it a low-risk, high-reward investment.

Location Insight

City

Hancock

County

36025

State

New York

Latitude

41.9545

Longitude

-75.2808

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