452 Water St Elmira, NY 14905
- Commercial real estate
- 4,724 SF
Current Use by Public Records
- Commercial real estate
Property Details for 452 Water St
- Year built
- 1957
- Property size
- 4,724 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a well-maintained six-unit apartment building located in the heart of Elmira, New York. The property boasts 4,724 square feet and offers a compelling 8.00% cap rate at an asking price of $369,900 ($78.30/sq ft). Built in 1957, this Class B multifamily property currently features six fully occupied units, providing immediate rental income and potential for future growth. Its prime location offers unparalleled convenience, situated within walking distance of shops, restaurants, and businesses. The proximity to Elmira College, St. Joseph's Hospital, and major roadways ensures high tenant demand and easy access to essential amenities. Nearby parks enhance the quality of life for residents. This property represents a strong investment opportunity in a thriving community. Potential buyers must provide proof of funds or prequalification and sign a non-disclosure agreement to access rent rolls and financial details. Interior photos are available upon request.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Elmira
- County
- Chemung
- State
- New York
- Longitude
- -76.8152247
- Latitude
- 42.0859456
