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38 Chapin St Canandaigua, NY 14424

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For Sale
$315,000

Rooming house with 9 rooms and a high cap rate.

Lot size:
0.18 Acres

Property Features for 38 Chapin St

General Information

Lot size
0.18 Acres

Building Details

Year built
1940

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Listing Contact
Jon J. Bagley
Source: Elliman

Listing Agent: Jon J. Bagley

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

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

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Canandaigua
County
Ontario
State
New York
Longitude
-77.2827721
Latitude
42.886524

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.
More about this property
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