72 2Nd St Geneseo, NY 14454
- Commercial real estate
- 8,856 SF
- 0.31 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 72 2Nd St
- Year built
- 1895
- Lot size
- 0.31 lot acres
- Property size
- 8,856 SF
- Property type
- Commercial real estate
Description
This exceptional six-unit apartment building presents a compelling investment opportunity in the thriving town of Geneseo, NY. Located at 72 2nd Street, this property enjoys a highly desirable location, situated near the SUNY Geneseo campus and the vibrant downtown area. The building encompasses a substantial 8,856 square feet and sits on a 0.31-acre lot, providing ample space for tenants and potential for future expansion. The property boasts six updated apartments, each benefiting from recent renovations. These upgrades include newer furnaces and hot water heaters, enhancing both efficiency and tenant comfort. Many units feature new hardwood floors and updated appliances, contributing to the overall appeal and value. A recently installed roof ensures long-term structural integrity. Two covered porches offer tenants pleasant outdoor spaces. Addressing a common renter concern, the property provides ample parking. A convenient coin-operated laundry facility in the basement adds to tenant convenience. Five of the six apartments have tenants responsible for their own gas and electric bills, while Apartment 1 includes utilities in the rent. Water and garbage expenses are prorated among the six units. This property's strategic location, coupled with its recent upgrades and desirable amenities, positions it perfectly to attract and retain tenants, promising a steady stream of rental income and a strong return on investment. The property is listed at $545,000.
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
- Geneseo
- County
- Livingston
- State
- New York
- Longitude
- -77.81538
- Latitude
- 42.79363
