18 Hakes Ave, Hornell, NY 14843

Property Details for 18 Hakes Ave

Year built

1910

Lot size

0.09 lot acres

Property type

Commercial real estate

Description

This attractive three-unit apartment building presents a compelling investment opportunity in Hornell, NY. Located in the heart of downtown, this property boasts a prime location within walking distance of local shops, restaurants, and entertainment venues. The building, constructed in 1910 and encompassing 3,408 square feet on a 0.09-acre lot, has undergone significant recent renovations. Improvements include a new roof, updated heating systems, new vinyl flooring throughout, and freshly painted interiors. All three units are currently rented, providing immediate cash flow. The unit mix includes a studio apartment and two larger units. The downstairs unit features three bedrooms, one full bathroom, a living room with a gas fireplace insert, a breakfast bar, and a new kitchen with appliances including a washer and dryer. The upstairs unit offers two bedrooms, one full bathroom with a washer and dryer, and a new kitchen with new appliances. The studio apartment is located at the rear of the building. The property also offers off-street parking. This turnkey investment is offered at $174,900, representing a price per unit of $58,300 and a price per square foot of $51.32. The two-story building provides a solid foundation for a strong return on investment. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable location.

Location Insight

City

Hornell

County

Steuben

State

New York

Longitude

-77.658103

Latitude

42.327467