21 Elm St, Unit 23 Malone, NY 12953-1569

Property Details for 21 Elm St

Year built

1930

Lot size

0.08 lot acres

Property size

4,466 SF

Zone code

01 - NOT ZONED

Property type

Office buildings

APN

164801 112.25-3-17

APU

16480111225317

Description

This exceptional Malone, NY property at 21 Elm St, Units 21-23, presents a unique investment opportunity. Encompassing 4,466 square feet on a 0.08-acre lot, this mixed-use building combines commercial and residential spaces. Currently, the property houses office space and three apartments, two of which have undergone recent renovations. A brand new rubber roof was installed in the fall of 2023, ensuring long-term durability. All units are currently rented, providing immediate cash flow and potential for future growth. The strategic corner location at the intersection of Main and Elm Streets places the property in a high-traffic area, ideal for a small business. The existing apartment rentals offer significant potential to offset mortgage payments. The building offers flexibility for expansion, with the possibility of adding more office space or another apartment unit to further increase revenue. Detailed financial information (P&L) is available upon request, allowing potential buyers to thoroughly assess the property's financial performance and investment potential. This is a rare opportunity to acquire a well-maintained, income-generating property in a prime Malone location.