18 Hakes Ave Hornell, NY 14843

Property Details for 18 Hakes Ave

Year built

1910

Lot size

0.09 lot acres

Property size

3,408 SF

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