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MLS Number:
273857
List Price:
$194,000
Street #:
517-519
Street Name:
Pennsylvania Ave
City:
Elmira
State:
NY
Zip Code:
14904
Direction:
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Municipality:
ELMIRA CITY
County:
Chemung
School District:
ELMIRA CITY
Apx Total Finished SF:
6834
Total # Units:
8
Type:
Public Remarks:
Presenting an investment opportunity at 517-519 Pennsylvania Ave, featuring a well-maintained property comprising 8 units. This includes 6 one-bedroom apartments and two two-bedroom apartments, each equipped with updated electrical and plumbing systems for enhanced functionality and convenience. Currently, three one-bedroom units are occupied, generating rental incomes of $650, $575, and $725 respectively. Tenants are responsible for their own electric and gas usage, with each apartment independently metered for utilities. The property is listed at an attractive price point of $199, 900. Flexible financing options are available, with the owner offering to hold a first mortgage with a 20% down payment.
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