38 Chapin St Canandaigua, NY 14424
Property Features for 38 Chapin St
General Information
- Lot size
- 0.18 Acres
Building Details
- Year built
- 1940
Source:
Elliman
Listing Agent: Jon J. Bagley
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Canandaigua Rooming House Investment
This rooming house, located in Canandaigua, NY, features 9 rooms, including 2 double rooms, and 4.5 baths. The property is fully rented and includes 4 entrance/exit points and 4 parking spots. The net operating income is $55,776, offering a 15-20% cap rate. Financing options may be available for qualified buyers with a 25% down payment. The property is being marketed as an excellent ROI option and is also suitable for use as a large single-family home. It is available as a turnkey property. Showings require 48 hours' notice. This is one of three properties being listed, with the others located at 146 Pleasant St, Canandaigua, and 75 S. Main St, Manchester.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Canandaigua
- County
- Ontario
- State
- New York
- Longitude
- -77.2827721
- Latitude
- 42.886524
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Rooming house with 9 rooms and a high cap rate.
Where is this apartment building located?
The property is located at 38 Chapin St Canandaigua, NY.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: - High Cap Rate: Enjoy a strong return on investment with a 15-20% cap rate.; - Fully Rented: A turn-key investment providing immediate income.; - $55,776 NOI: Demonstrates substantial profitability.