406 Dewitt Ave Elmira, NY 14901

This well-maintained mixed-use 4-unit property includes three residential apartments and one commercial space. The building has been recently updated with modern flooring and refreshed interiors, with notable unit improvements including updated bathroom finishes and a tiled shower. The residential units operate on month-to-month leases, providing flexibility for future use. Reported rents include one 1-bedroom at $900/month (utilities included except garbage), one 2-bedroom/1-bath at $1,200/month (utilities included except garbage), and one 2-bedroom/1-bath at $900/month plus gas and garbage. The commercial space is currently vacant and used for storage, and was most recently rented at $800/month (utilities included except garbage). The property is being sold as-is.

Located at 406 Dewitt Ave in Elmira, NY, the asset is described as bikeable with a BikeScore of 53 and car-dependent with a WalkScore of 26.

For investors and owner-operators, the combination of month-to-month residential income and a currently vacant commercial component can support a practical occupancy plan. The seller notes potential gross rents of approximately $3,800 per month, with a projection just under $4,000 per month once the commercial space is re-rented, based on the updated condition of the units and the ability to stabilize occupancy through lease-up.