78 Genesee StAuburn, NY 13021

Property Details for 78 Genesee St

Year built

1890

Lot size

0.17 AC

Property size (Sq ft)

2,996 SF

Zone code

R1

Property type

Investment properties

Property subtype

Live-work space

APN

050100 116.47-1-3

APU

501001164713

Description

This exceptional investment property at 78 E Genesee St, Auburn, NY presents a rare opportunity to acquire a mixed-use building offering both substantial office space and income-generating residential units. The 4,644 square foot building sits on a 0.17-acre lot and is ideally located in Auburn, NY. The property features a first-floor office space encompassing 1,800 square feet, perfect for a variety of professional uses. This area is easily accessible for individuals with disabilities, thanks to its handicap-accessible design. Adding to its income potential, the building also includes three one-bedroom apartments, providing a steady stream of rental income. The asking price for this turnkey investment is $239,000. This represents a compelling opportunity for investors seeking a diversified portfolio with immediate cash flow and significant long-term growth potential. The property's prime location in Auburn, NY offers convenient access to local amenities, transportation routes, and a thriving business community. The combination of office and residential space makes this a truly unique and attractive investment opportunity. Serious inquiries are encouraged to explore this promising venture further. Detailed financial information and property disclosures are available upon request. Don't miss this chance to secure a valuable asset in a desirable market.

• CAP approach

  CAP return

  Valuation

  6%

  $483,804

  6.5%

  $446,588

  7%

  $414,689

• Comparable approach

  Method

  Valuation

  Relative Method

  $273,709

  Geo Method

  $391,457

• Alternative Use

  Use

  Valuation

  Residential

  $553,769

  Hospitality

  $507,250

  Educational

  $422,026

  Medical

  $436,540

  Retail

  $656,485

Location Insight

City

Auburn

County

Cayuga

State

New York

Latitude

42.9331

Longitude

-76.5563

CBSA code

12180

CBSA name

AUBURN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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