18 Main St Chester, NY 10918

This meticulously maintained brick building at 18 Main St, Chester, NY presents a unique investment opportunity. The property boasts a profitable mix of commercial and residential space. The ground floor features a 500-square-foot store/office currently leased for $1,115 per month. Above, a stunning two-story apartment generates $1,800 in monthly rent. This spacious apartment includes a large, updated kitchen with ample cabinetry, a formal dining room, a bright and airy two-story living room, and a full bathroom on the main level. The second floor offers a private bedroom, a full bathroom, and a loft area. A charming private courtyard adds to the property's appeal. Separate utilities are equipped with high-efficiency boilers, minimizing operational costs. The current expenses total $7305 annually, encompassing insurance ($5520), water ($260), and repairs ($360). The property is offered at $485,000. The seller may consider financing options for qualified buyers. There's also potential to convert the property into a three-family dwelling, further increasing its income potential. This is a rare chance to acquire a piece of Chester's history with significant income generation and future development possibilities.