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5br - 2515ft2 - Multi unit apartment houses for sale (Chemung County)

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GREAT REAL ESTATE INVESTMENT
$$$$$ OPPORTUNITY OF A LIFETIME!! $$$$$
Upstate New York (Elmira) Owner Retiring
CAP RATE 11% and 11.9%
*2 Duplexes. Strong local rental market.
*These homes are the highest quality, most profitable duplexes in Upstate New York.
*Each duplex is more profitable than most ALL 4 units with half the workload!
*100% beautifully renovated and meticulously maintained with top-of-the-line very high-end materials and finishes.
* Decades long successful rental history.
*Turnkey properties. 1st time offered for sale in decades.
*Rents are 10% below market value.
*100% City, State and Fire Code Compliant.
*ALL units are always rented with GREAT A+ professionally employed tenants! Renters pay all utilities and do their own lawn and snow maintenance. Our long term renters have their own Renters Insurance. Each unit is completely private with separate entrances and totally separate utilities including water service and sewer tax.
*100% rewired- every outlet and every switch has a new wire running to it and all new service upgrades.
*New roof, tear off and new decking 2019. 35-year Architectural shingles.
*Replacement windows, ALL Low E, Argon and insulated frames.
*New rebuilt porch- footers, spindles, rails, posts, decking, etc.
*New doors and newer vinyl siding @ the 470 property.
*Newer very high-end carpet.
*New Real Bruce Hardwood floors, ¾” tongue and groove.
*New tile bathrooms. 6’ soaker or Jacuzzi tubs, walk-in tile showers, several built-ins, recessed lighting and much more!
*Very well insulated. New mechanicals and new AC.
*See description and detailed Walk-Through videos.
*Financials available to prequalified serious buyer.

Please call, text or email for more information. show contact info

https://www.apartments.com/470-south-ave-elmira-ny/f1fqgjv/

https://www.apartments.com/419-jefferson-st-elmira-ny/6z69n4r/

post id: 7744553356

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