4 Genesee St Auburn, NY 13021-4115
Exceptional investment opportunity in vibrant downtown Auburn, NY. This meticulously renovated six-unit apartment building boasts 8,640 square feet on a 0.06-acre lot. A complete rehabilitation in 2014 ensured all systems are modern and efficient. The property comprises four one-bedroom apartments, each featuring central air conditioning, custom kitchens with granite countertops, and stackable washer/dryer units. Adding to the income potential, the first floor includes two separate storefronts, currently leased and contributing to the building's strong occupancy rate. The building is currently fully occupied, providing immediate and consistent cash flow for the new owner. This turnkey investment presents a rare opportunity to acquire a high-performing multi-family property in a desirable downtown location. The property's recent renovation eliminates the need for immediate capital expenditures, allowing the new owner to focus on maximizing rental income and long-term appreciation. The combination of modern amenities, strong tenant occupancy, and prime downtown location makes this a compelling investment prospect. Financial records are available upon request to qualified buyers. This is a unique chance to own a profitable and well-maintained multi-family building in a thriving New York community.
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Riordan Realty Real Estate Agency
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1 Auburn Express smoke shop convenience (Bike/Boat/Book/etc) Store
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Auburn Express Jr Smoke Shop (Bike/Boat/Book/etc) Store
D Downtown. A. Purpose and intent. The purpose of this section is to provide regulatory standards governing building form and related urban design principles for new development and redevelopment projects in Downtown Auburn. These standards are intended to ensure that proposed development is consistent with the vision, goals and objectives of "Building a Sus…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
D · Auburn, NYD Downtown. A. Purpose and intent. The purpose of this section is to provide regulatory standards governing building form and related urban design principles for new development and redevelopment projects in Downtown Auburn. These standards are intended to ensure that proposed development is consistent with the vision, goals and objectives of "Building a Sustainable Future," the City of Auburn Comprehensive Plan and other City planning and development initiatives. Downtown is the City's financial, entertainment, governmental and institutional center for public services, social activity and employment. As such, the intent of this section is to maintain the distinctive character of Downtown and enhance relationships between buildings and streets and other public spaces by considering their visual compatibility with surrounding areas. B. Guiding principles. These standards are based upon a number of guiding principles, including to: (1) Implement the City of Auburn Comprehensive Plan; (2) Protect and reinforce the unique and historic character of Downtown neighborhoods; (3) Encourage adaptive reuse and desirable forms of development at infill locations and underutilized properties; (4) Re-establish walkability and strengthen the historic circulation patterns of walkable areas; (5) Encourage reinvestment and revitalization by promoting mixed-use development; (6) Discourage less compatible suburban styles of development in the Downtown; (7) Enhance the visual character and quality of the public realm and improve pedestrian comfort; and (8) Promote diversity and compatibility in the design and use of urban buildings and public spaces. C. Applicability and use. This section applies to all buildings and the interface of buildings with the public realm and public realm amenities within the boundaries of the Downtown district. The provisions of this chapter are implemented by use of the words "shall" when meeting such provisions are required; "should" when the actions are recommended; and "may" when actions are considered optional. Action Applicable Subsection
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
