269 W Main St Malone, NY 12953

Property Details for 269 W Main St

Year built

1968

Lot size

0.11 lot acres

Property size

1,500 SF

Zone code

01 - NOT ZONED

Property type

Investment properties

Property subtype

Live-work space

APN

164801 112.31-3-1

APU

1648011123131

Description

This exceptional investment opportunity presents a 1,500 square foot multi-unit property located at 269 W Main St Unit 269, Malone, NY. Situated on a 0.11-acre lot, this property offers a compelling blend of income potential and future development possibilities. The upper level comprises a spacious two-bedroom apartment complete with a bathroom, kitchen, and living room. Currently occupied by a tenant willing to remain, this unit provides immediate rental income. The lower level features a unique layout, including a one-car attached garage, and two separate two-room office spaces, each with a half-bath. These office spaces offer additional rental income streams or the potential for owner-occupancy. A full basement with laundry facilities adds further utility and storage space. The property is priced competitively at $135,000, presenting a strong return on investment. The existing tenants' willingness to stay ensures a steady income stream from the moment of purchase. The absentee owner, residing in Australia, provides a streamlined transaction process. This property is ideal for investors seeking a diversified portfolio or those looking for a hands-off approach to real estate ownership. The combination of residential and commercial space offers flexibility and potential for future expansion or renovation. Don't miss this chance to acquire a well-maintained, income-generating property in a desirable location.