Multi unit apartment houses for sale $0 Chemung County
Location: ithaca
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5BR / 3Ba
2515ft2
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GREAT REAL ESTATE INVESTMENT
$$$$$ OPPORTUNITY OF A LIFETIME!! $$$$$
Upstate New York (Elmira) Owner Retiring
CAP RATE 10.3%!
*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 its with half the workload!
*100% beautifully renovated and meticulously maintained with top-of-the-line very high-end materials & 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 its are always rented with GREAT A+ professionally employed tenants! Renters pay all utilities and do their own lawn & snow maintenance. Our long term renters have their own Renters Insurance. Each it is completely private with separate entrances and totally separate utilities including water service and sewer tax.
*100% rewired- every outlet & every switch has a new wire rning to it and all new service upgrades.
*New roof, tear off & new decking 2019. 35-year Architectural shingles.
*Replacement windows, ALL Low E & Argon.
*New rebuilt porch- footers, spindles, rails, posts, decking, etc.
*New doors & newer vinyl siding @ 1.
*Newer very high-end carpet.
*New Real Bruce Hardwood floors, ¾” tongue & groove.
*New tile bathrooms. 6’ soaker or Jacuzzi tubs, walk-in tile showers, several built-ins, recessed lighting & much more!
*Very well insulated. New mechanicals and new AC.
*See description & detailed Walk-Through videos.
*Financials available to prequalified serious buyer.
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