452 W Water St, Elmira, NY, 14905

452 W Water St Elmira, NY 14905

452 W Water St, Elmira, NY, 14905
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$369,900
Last Verified:
Mar 30, 2024

Highlights

  • Fully occupied
  • Room for rent increases
  • Well maintained apartments
  • Make a return on investment from day one
  • Close to St. Joseph's hospital, Elmira College, restaurants, businesses and parks.

Description

Welcome to an exceptional investment opportunity nestled in the heart of Elmira, NY! Presenting a six-unit apartment complex with well-maintained apartments, this property promises immediate returns with fully occupied units and potential for increased rental income. Boasting a prime location within walking distance to an array of shops, dining establishments, and businesses, it offers tenants unparalleled convenience and accessibility. Additionally, being near Elmira College adds to its appeal, attracting students and faculty seeking convenient housing options. Strategically situated near St. Joseph's Hospital and the highway, ensuring easy access to essential amenities and streamlined commutes. Nearby parks provide opportunities for leisure and recreation, enhancing the quality of life for residents. Don't let this opportunity slip through your fingers. Buyers must provide proof of funds or prequalification and sign an Non-disclosure agreement (NDA) to access rent rolls and financials. Interior photos available upon request. Seize the chance to own a carefully maintained property in a thriving community today!

Nestled in the heart of Elmira, New York, this property boasts a prime location that offers both convenience and charm. Situated within walking distance to an array of businesses and restaurants, residents enjoy easy access to local amenities and vibrant city life. The proximity to Elmira College adds a touch of academia and cultural enrichment to the neighborhood.

Conveniently positioned near major highways, commuting is a breeze, allowing residents to explore neighboring towns and cities with ease. Additionally, the close proximity to St. Joseph's Hospital and Arnot Ogden Medical Center ensures peace of mind with access to quality healthcare facilities just a stone's throw away. Whether strolling through the bustling streets or enjoying the tranquility of nearby parks, this property offers the perfect blend of urban convenience and suburban tranquility.


Year Built: 1957
Building Size: 4724sq ft
Lot Size: 0.27 acres


Documents

SVN - OM/Proposal/BOV (P) THOMAS SPRENG

Map of 452 W Water St, Elmira, NY, 14905

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.