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    OFF-MARKET
    Small apartment buildings

    353 Main St, Cairo, NY 12413

    0.62 ac lot
    Property ID
    US63-1808563
    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 Small apartment buildings
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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