Listed by Cushman & Wakefield Pyramid Brokerage Company - Corning, New York
$2,100,000
Steuben Village
Details
Property Type Multifamily
Sub Type Apartment Building
Units 16
Cap Rate 7.75%
Class B
Year Built 1989
Year Renovated 2022, 2023
Buildings 2
Stories 2
Acreage 2.890
Investment Type Value Add
Ground Lease No
16 Units with upside potential
Marketing description
Rare opportunity to acquire a larger Multi-Unit residential investment grade property with additional upside potential (16) two-bedroom, two-bath apartments with attached garages situated in two Buildings, New roofs & exterior finishes
Most units have been fully renovated to include granite kitchens, stainless appliances, updated bathrooms, new floors, fresh paint, and more. Central air-conditioning, Washer/Dryers in most units, 24-Hr Surveillance in the Common Areas & Exteriors
Units could be sold as condominiums with creation of a HOA. 7.75 % Cap rate. Minutes from I-99 and I-86 and short drive to Corning NY which is the headquarters of Corning Inc.
Listing Contacts
Listed by Cushman & Wakefield Pyramid Brokerage Company - Corning, New York
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