425 New York Ave Ogdensburg, NY 13669

Property Details for 425 New York Ave

Year built

1900

Property size

5,046 SF

Property type

Residential income homes

Description

This exceptional investment opportunity presents a five-unit apartment building ideally situated in Ogdensburg, New York, at 425 New York Avenue. Its central location offers convenient proximity to the local hospital, ensuring high occupancy rates and strong rental demand. The property encompasses a substantial 5,046 square feet of living space, distributed across five individual units. Three of these units have undergone complete renovations, presenting immediate rental income potential. The remaining two units offer further opportunities for value enhancement through renovation or upgrading. Ample off-street parking is available for residents, a significant advantage in a densely populated area. The building is further enhanced by a durable metal roof, ensuring long-term protection and minimizing maintenance costs. Each unit is equipped with its own independent heat source, providing residents with individual climate control and contributing to efficient energy management. This property represents a compelling investment prospect for those seeking a stable, high-return asset in a desirable location. The combination of renovated units, ample parking, and a strong location near the hospital makes this a truly attractive opportunity. The property sits on a lot with no acreage specified. The asking price for this multi-family investment is $90,000.