65 Franklin St Auburn, NY 13021-2118

Property Details for 65 Franklin St

Year built

1925

Lot size

0.08 lot acres

Property size

7,725 SF

Zone code

NC

Property type

Investment properties

Property subtype

Live-work space

APN

050100 116.31-1-39

APU

5010011631139

Description

This exceptional investment opportunity encompasses two properties at 65 and 67 Franklin Street in Auburn, NY, totaling 10,300 square feet on a 0.08-acre lot. The package includes a 10-unit multifamily building (65 Franklin St.) and a separately leased commercial space (67 Franklin St.). The main building, 65 Franklin Street, features five apartments, all currently occupied, generating consistent rental income. Many apartments and common areas have undergone recent light renovations. A significant advantage is the separate utility metering for each apartment, simplifying management and cost tracking. Furthermore, 65 Franklin Street boasts over 2,500 square feet of ground-floor commercial space, divisible into two separate units, each with its own entrance, bathroom, and utilities. This presents a versatile opportunity for owner-occupancy, leasing to multiple tenants, or establishing a business. Ample street parking is available nearby. The second property, 67 Franklin Street, is a 1,720-square-foot commercial space currently leased for $1,000 per month. This space has been recently remodeled and features a newer roof. The combined properties offer a compelling investment prospect with a blend of residential and commercial income streams, providing significant potential for return on investment. The asking price for this entire package is $374,900.

Location Insight

City

Auburn

County

Cayuga

State

New York

Longitude

-76.5567

Latitude

42.9369

CBSA code

12180

CBSA name

AUBURN, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments