Multi Unit Mixed Use Property -Belmont, NY
Mixed Use for Multi Tenants and First Floor Commercial Space
Marketing description
This is a fantastic opportunity to own a multi-tenant property in the Village of Belmont, Allegany County. Great location in the business district with retail, banking and the Village and County seats.
There is one-bedroom rental and two studio apartments on the 2nd floor. Two have been remodeled and the owners currently occupy them. The third one is small and has not been remodeled or in use (used for storage). The first floor is a former Bar/Tavern with a full kitchen that has not been occupied. Owners started to renovate and planned to open a small cafe but did not because of health issues. All equipment remaining inside conveys with the sale. There is a walk-in freezer, ice machine, conventional stove, air fryer and miscellaneous kitchen items. There are 8 parking spaces with street parking as well. There is a full garage on the side that opens up pavilion style for outdoor seating. The backyard is large and fully fenced in. The shingled roof was replaced less than 5 years ago, garage/pavilion has a tin roof. This property sits on 1.5 acres. Taxes average $4300 per year.
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Investment highlights
This is a great property to consider if you are seeking an investment. The property has two apartments upstairs and a commercial space on the 1st floor. The area is busy.
The owners are currently living in the 2nd floor apartments so there would not be any tenant upon purchase but can easily be filled with tenants.
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