57 Main StElmira, NY 14904

Property Details for 57 Main St

Year built

1958

Lot size

0.10 AC

Property size (Sq ft)

5,400 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity awaits in Elmira, NY, with this four-unit apartment building situated at 57 S Main St. This 5,400 square foot property, built in 1958, sits on a 0.1-acre lot (42 x 100 feet) and offers a compelling price point of $75,000, or $18,750 per unit. The two-story building features four spacious units, each boasting one or two bedrooms and one bathroom. Modern kitchens are equipped with granite countertops. All units are serviced by public sewer and water, and each has natural gas hookups. Two units are located on the first floor, and two are on the second floor. The property's convenient location near downtown Elmira presents a unique advantage. The building's configuration allows for mixed-use potential, with the possibility of converting one unit into a commercial space while maintaining three residential rentals. This property is being sold "AS IS." This presents a remarkable opportunity for an investor to capitalize on its potential and realize significant returns. The property's strong fundamentals and strategic location make it an attractive investment prospect.

Location Insight

City

Elmira

County

Chemung

State

New York

Latitude

42.0847

Longitude

-76.8058

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