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33643496
33643497

8385 GENEVA ST, INTERLAKEN, NY 14847

RP
NY 30PA0967502
Howard Hanna Real Estate Services
Listed by Howard Hanna Real Estate Services
$595,000
2 days on market
Updated 2 days ago

Interlaken Landing

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,504
Cap Rate 9.00%
NOI $52,000
Year Built 1950
Buildings 1
Acreage 1.000

Six Unit on the Finger Lakes Wine Trail

Marketing description

Don't miss this Unique opportunity to own a clean, well maintained apartment building with great potential for growth! Located in the heart of The Cayuga Wine Trail where over 1,000,000 tourists visit per year!! Centrally located within The Finger Lakes region with access to a variety of attractions including The Seneca Wine trail, Taughannock Falls State Park, Cayuga Lake State Park, Cornell University with all the amenities of Ithaca and the quaint Village of Interlaken and Trumansburg!!! Completely remodeled in 2016 this property Currently is set up with six 2-bedroom apartments at very affordable rents where tenants pay all utilities. The apartments feature hardwood floors, in unit washer and dryer's, modern kitchens, baths and more!! This property has room for expansion that could offer a great deal of extra income. Truly a special property for an Investor with Vision or someone looking for a turnkey investment! Contact Joseph Giordano, Licensed Associate Real Estate Broker, Howard Hanna, Ithaca, NY. Cell 607-351-1267, [email protected]

Listing Contacts

RP
NY 30PA0967502
Howard Hanna Real Estate Services
Listed by Howard Hanna Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$52,000.00
$4,333.33/mo

Valuation Metrics

0
DSCR
8.74%
Cap Rate
8.74%
ROI

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Additional Information

Name
Richard Patterson
License
30PA0967502
Brokerage Phone
6072570800
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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