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    OFF-MARKET
    Commercial real estate

    187 Main St, Brockport, NY 14420

    9,975 SF 0.5 ac lot Built 1910
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses two well-maintained apartment buildings totaling ten units, strategically located less than a mile from SUNY Brockport in the vibrant town of Brockport, NY. The property sits on a half-acre lot and offers a combined 9,975 square feet of living space. One building, situated at 183 Main Street, features vinyl siding and an asphalt roof. Its five units comprise a diverse mix of sizes: one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom, one 3-bedroom/1-bathroom, one 4-bedroom/1-bathroom, and one 5-bedroom/2-bathroom apartment. The second building, located at 187 Main Street, boasts aluminum siding and a metal roof, housing another five units. These units consist of one 1-bedroom/1-bathroom and four 2-bedroom/1-bathroom apartments. A significant advantage is the inclusion of coin-operated laundry facilities shared by tenants of both buildings, generating supplemental income. Ample parking is provided with an oversized lot accommodating twenty or more vehicles. The property is priced at $999,999. Showings are available by appointment only, scheduled for Wednesdays from 3:30 PM to 5:30 PM and Saturdays from 10:00 AM to 12:00 PM. This turnkey investment presents a compelling opportunity for strong rental income and potential appreciation in a desirable college town location.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1910
    Total area 9,975 SF
    Lot 0.5 ac (21,780 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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