Description
48 Hour Contingency. Owner occupied opportunity as of 11/1/24 for beautiful corner unit (or bring new tenant in at higher rent) Ability to raise rents further over next 9 months across all units (by July 2025) It is rare that the opportunity to own a class A 4 unit rental property on the water like this comes along. This property is only 4 years old. Nothing to do but collect rents. 3BR and 3B in each unit. Current construction estimates to build are 1.5-1.75M to build today. $10k in monthly rents can be higher. Financial projections are attached. Flood insurance only $654/year. Short term Airbnb rental opportunity as well as potential subdivision to make townhouses. Each unit has a garage, awesome decks, and views of the historic Erie Canal! 3D tour attached.
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12BEDS
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0.18ACRES
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12BATHS
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01/2 BATHS
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6,096SQFT
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$213$/SQFT
School Information
Description
48 Hour Contingency. Owner occupied opportunity as of 11/1/24 for beautiful corner unit (or bring new tenant in at higher rent) Ability to raise rents further over next 9 months across all units (by July 2025) It is rare that the opportunity to own a class A 4 unit rental property on the water like this comes along. This property is only 4 years old. Nothing to do but collect rents. 3BR and 3B in each unit. Current construction estimates to build are 1.5-1.75M to build today. $10k in monthly rents can be higher. Financial projections are attached. Flood insurance only $654/year. Short term Airbnb rental opportunity as well as potential subdivision to make townhouses. Each unit has a garage, awesome decks, and views of the historic Erie Canal! 3D tour attached.
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