44 Genesee St - Apartments FOR SALE


Geneva, NY 14456
$1,195,000 USD
585-613-5370
44 Genesee St, Geneva, NY for Sale
$1,195,000 USD
Apartments - FOR SALE
1/13
null | 8.25% Cap Rate

44 Genesee St
Geneva, NY 14456


HIGHLIGHTS

  • Fully Gutted and Renovated
  • Close proximity to the hospital and colleges offers built in prospective renters
  • Located within a mile of Seneca Lake and numerous retail amenities
  • Brand new appliances
  • Dedicated surface parking
  • Coin operated laundry

OVERVIEW

Twelve-unit apartment building in The Historic North neighborhood of Geneva. This apartment building has been fully gutted and renovated and fully leased within months. Improvements include: -Full building electrical service upgrade -New steam boiler -Hot water heaters -All 12 units fully gutted and renovated -Renovation of the common areas of the building -New windows -Fire doors replaced to meet code -Brand new appliances in all 12 units -New gutters -Exterior stucco and sheathing -Sidewalks and walkways replaced -Laundry room added with coin operated equipment Property offers a dedicated surface lot for one car parking per unit. Street parking is also available. Location is 4/10 of a mile from Geneva General Hospital and approximately one mile from Hobart and William Smith Colleges offering a steady pipeline of renting prospects. The north end of Seneca Lake is located within a mile from the property, along with many retail amenities.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

12

PRICE/UNIT

$99,583

CAP RATE

8.25%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Irene

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

-

APN/PARCEL ID

320500-104-026-0001-075-000-0000

ASK ABOUT THIS PROPERTY

Steve SojaMoore Corporate Real EstateMore Info
585-613-5370

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Steve SojaMoore Corporate Real EstateMore Info
585-613-5370

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.