Unique Income-Producing Apartment
For Sale
$1,500,000
3418 & 3420 State Route 104, Mexico, NY 13114
Well-maintained apartments with long-term tenants and potential office space.
Property Size3,718 SF
Lot Size1.12 Acres
Days on Market164
Property Features for 3418 & 3420 State Route 104
General Information
Standard status
Active
Size
3,718 SF
Lot size
1.12 Acres
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$9,435
Building Details
Building Size
3,718 SF
Year Built
1992
Stories
2
Units
8
Listing Agency:
NextHome, Inc
(315) 591-5980
Listed By:
Lucinda A. Brown · License #40BR1038181,PersonLicenseNumber
(315) 591-5980
Source:
Elliman
Added: Mar 11
Changed: Aug 10
Last Checked: Aug 20 at 10:10AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NextHome, Inc
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 13114, NY
6,596
Population
3,351
Households
2
Avg Household Size
42
Median Age
18%
College-Educated
87%
High-School Grad
63.0 sq mi
ZIP Area
105
Density / Sq Mi
$73,328
Median Household Income
$37,403
Median Earnings
$811
Median Rent
$152,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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 & 3420 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.
