3418 State Route 104 Mexico, NY 13114
Well-maintained apartments with long-term tenants and potential office space.
Lot size:
1.12 AcresProperty Features for 3418 State Route 104
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 1.12 Acres
Building Details
- Year built
- 1992
Source:
Elliman
Listing Agent: Lucinda A. Brown
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Unique Income-Producing Apartment Buildings
This unique income-producing property features four first-floor apartments and three second-floor apartments across two buildings on a single tax ID. The property has been under the same ownership since May 1986 and is well-maintained. A new building, constructed in 1992, houses four apartments and a three-car garage. A fully furnished Airbnb unit, completed in 2013, caters to guest stays. The property benefits from long-term tenants and substantial silo income, offering a strong return on investment. Operating cost and income data are available for buyer's financial mortgage underwriter. Exterior maintenance is straightforward, and interior features are regularly updated and refurbished. The property utilizes village water and sewer services, along with gas and electric utilities. Clear property markings and pins are in place, and paved drives lead to an ample parking lot. Mail delivery is conveniently located at the end of the driveway. Situated within the Mexico school system, the property is within walking distance of banking, shopping, recreation, and highway access. Unlike typical commercial flat-roofed complexes, this property offers a personal and accommodating atmosphere. There is potential for office use in building 1. One of the apartments could be owner-occupied.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Mexico
- County
- Oswego
- State
- New York
- Longitude
- -76.242002
- Latitude
- 43.460406
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FAQs
What type of property is this?
Apartment building - Well-maintained apartments with long-term tenants and potential office space.
Where is this apartment building located?
The property is located at 3418 State Route 104 Mexico, NY.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: - Proven income-generating property with long-term tenants and SILO income, offering a great return on investment.; - Two buildings on one tax ID, including a newer building (#3420) built in 1992 with 4 apartments and a three-car garage.; - Well-maintained property owned by the same owner since 1986, with regularly updated and refurbished interiors.
