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    FOR SALE
    Commercial real estate

    57 S Main St, Elmira, NY 14904

    5,400 SF 0.1 ac lot Built 1958
    Property ID
    US63-6071867
    Property summary
    AI-generated overview

    Exceptional investment opportunity awaits in Elmira, NY, with this four-unit apartment building situated at 57 S Main St. This 5,400 square foot property, built in 1958, sits on a 0.1-acre lot (42 x 100 feet) and offers a compelling price point of $75,000, or $18,750 per unit. The two-story building features four spacious units, each boasting one or two bedrooms and one bathroom. Modern kitchens are equipped with granite countertops. All units are serviced by public sewer and water, and each has natural gas hookups. Two units are located on the first floor, and two are on the second floor. The property's convenient location near downtown Elmira presents a unique advantage. The building's configuration allows for mixed-use potential, with the possibility of converting one unit into a commercial space while maintaining three residential rentals. This property is being sold "AS IS." This presents a remarkable opportunity for an investor to capitalize on its potential and realize significant returns. The property's strong fundamentals and strategic location make it an attractive investment prospect.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1958
    Total area 5,400 SF
    Lot 0.1 ac (4,356 SF)
    UPID US63-6071867
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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