24 Main StMarcellus, NY 13108

This exceptional mixed-use property at 24 W Main St, Marcellus, NY 13108 presents a lucrative investment opportunity. The building boasts 10,966 square feet and features two ground-floor retail spaces, complemented by three apartments on the second floor. The property is currently 100% occupied, generating a substantial net operating income (NOI) of $40,528 annually, representing an attractive 8.11% capitalization rate. The asking price is $499,999, translating to $45.60 per square foot. Recent significant improvements enhance the property's value and appeal. These upgrades include complete bathroom gut rebuilds in the apartments, kitchen renovations, new flooring throughout, fresh exterior paint, a newly paved driveway, improved insulation, installation of a new separate electrical service for each unit, and upgrades to some of the boilers. The property also includes valuable attached garage storage and a large lot providing ample on-site parking. The current monthly gross income is just under $6,000. This turnkey investment offers a blend of stable rental income and potential for future appreciation in a desirable location. The property's strong occupancy rate and recent renovations make it an ideal addition to any investment portfolio. Don't miss this chance to acquire a high-performing mixed-use asset in the thriving village of Marcellus.