80 Clinton StBrockport, NY 14420

Property Details for 80 Clinton St

Year built

1850

Lot size

0.19 AC

Property size (Sq ft)

6,840 SF

Property type

Residential income homes

Property subtype

Apartment buildings

Description

This exceptional multifamily property, located at 40 Clinton Street in Brockport, NY, presents a unique investment opportunity. The 6,840 square foot building, constructed in 1850 and renovated in 2021, sits on a 0.19-acre lot overlooking the Erie Canal. The property comprises four units: two commercial units currently leased month-to-month, offering flexibility for new ownership, and two modern residential units with stable tenants, ensuring immediate income. A recently added (2023) second-floor gym enhances tenant satisfaction and property value. An adjacent parking lot provides ample parking. The asking price is $499,000, representing a price per unit of $124,750 and a price per square foot of $72.95. The property boasts a strong NOI of $57,631, resulting in an attractive 11.55% cap rate. Situated in the charming village of Brockport, this property offers easy access to local amenities and the vibrant canal-side community. This is a rare chance to acquire a mixed-use, income-generating property with significant upside potential in a desirable location. The two-story building offers a beautiful patio overlooking the canal, enhancing its appeal and potential rental income. This is an owner/user investment opportunity with immediate cash flow and long-term growth prospects.

Location Insight

City

Brockport

County

Monroe

State

New York

Latitude

43.2166

Longitude

-77.9405

FAQs

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