80 Clinton St Brockport, NY 14420
- Residential income homes
- 6,840 SF
- 0.19 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 80 Clinton St
- Year built
- 1850
- Lot size
- 0.19 lot acres
- Property size
- 6,840 SF
- Property type
- Residential income homes
- Property subtype
- Apartment buildings
Description
This exceptional multifamily property, located at 40 Clinton Street in Brockport, NY, presents a unique investment opportunity. The 6,840 square foot building, constructed in 1850 and renovated in 2021, sits on a 0.19-acre lot overlooking the Erie Canal. The property comprises four units: two commercial units currently leased month-to-month, offering flexibility for new ownership, and two modern residential units with stable tenants, ensuring immediate income. A recently added (2023) second-floor gym enhances tenant satisfaction and property value. An adjacent parking lot provides ample parking. The asking price is $499,000, representing a price per unit of $124,750 and a price per square foot of $72.95. The property boasts a strong NOI of $57,631, resulting in an attractive 11.55% cap rate. Situated in the charming village of Brockport, this property offers easy access to local amenities and the vibrant canal-side community. This is a rare chance to acquire a mixed-use, income-generating property with significant upside potential in a desirable location. The two-story building offers a beautiful patio overlooking the canal, enhancing its appeal and potential rental income. This is an owner/user investment opportunity with immediate cash flow and long-term growth prospects.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brockport
- County
- Monroe
- State
- New York
- Longitude
- -77.9405
- Latitude
- 43.2166
