Property summary
This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 353 Main Street in Cairo, New York, 12413. The property sits on a 0.62-acre lot and is conveniently located near local shopping and dining options, with easy access to State Route 23. The building comprises four fully leased units: two studio apartments and two two-bedroom apartments. All units are currently occupied by reliable tenants, contributing to a steady cash flow. A significant advantage is that tenants are responsible for their own electricity, heat, and hot water, minimizing the owner's operational expenses. Ample off-street parking is provided, enhancing tenant satisfaction and retention. This multifamily property offers a compelling investment prospect, particularly given its strong tenant occupancy, desirable location, and the potential for future property value appreciation within the growing Town of Cairo. The asking price for this turnkey investment is $495,000. Directions: From Hannaford, proceed along Main Street
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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