Property profile

353 Main St Cairo, NY 12413

OFF-MARKET
Land
Property ID
US63-1808563
0.62 ac lot
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Property summary

AI-generated overview

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

Verified
Property type Land
Lot 0.62 ac (27,007 SF)
UPID US63-1808563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

353 Main St Cairo, NY 12413
Cairo metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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