57 Main StElmira, NY 14904

For Sale
$75,000

Four-unit building, prime location. High potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
Exceptional investment opportunity awaits in Elmira, NY, with this four-unit apartment building situated at 57 S Main St. This 5,400 square foot property, built in 1958, sits on a 0.1-acre lot (42 x 100 feet) and offers a compelling price point of $75,000, or $18,750 per unit. The two-story building features four spacious units, each boasting one or two bedrooms and one bathroom. Modern kitchens are equipped with granite countertops. All units are serviced by public sewer and water, and each has natural gas hookups. Two units are located on the first floor, and two are on the second floor. The property's convenient location near downtown Elmira presents a unique advantage. The building's configuration allows for mixed-use potential, with the possibility of converting one unit into a commercial space while maintaining three residential rentals. This property is being sold "AS IS." This presents a remarkable opportunity for an investor to capitalize on its potential and realize significant returns. The property's strong fundamentals and strategic location make it an attractive investment prospect.

Highlights

  • $75,000 asking price for a four-unit apartment building in Elmira, NY.
  • Multifamily property with four units, totaling 5,400 square feet.
  • $18,750 per unit, with a price per square foot of $13.89.
  • Located at 57 S Main St, Elmira, NY 14904, on a 0.1-acre lot.
  • Two-story building constructed in 1958.

Property Details for 57 Main St

Property type
Multifamily properties, Apartment buildings
Square Feet
5,400 SF
Year Built
1958
Buildings
1
Stories
2
Lot Size (sq. ft)
4,356 SF
Units
4

Location Insight

City
Elmira
County
Chemung
State
New York
Latitude
42.08466562259
Longitude
-76.80578808187
57 Main St, Elmira, New York
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57 Main St
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