514 W Church, Elmira, NY 14901
514 W Church, Elmira, NY 14901
514 W Church, Elmira, NY 14901
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$199,999
Est. payment /mo
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7 Beds
3 Baths
3,980 SqFt
Price Dropped by $40K

514 W Church Elmira, NY 14901

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Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,980 sqft

Price per Sqft $50

MLS Listing ID R1700720

Bedrooms 7

Full Baths 3

Construction Status Existing

HOA Y/N No

Year Built 1890

Annual Tax Amount $4,004

Lot Size 0.330 Acres

Acres 0.33

Lot Dimensions 81X176

Property Sub-Type Multi Family

Property Description

Calling all investors! This well-maintained multi-family property is a fantastic opportunity to add a stable, income-producing asset to your portfolio. Currently generating approximately $37,000 in annual rental income, the building is fully occupied with long-term tenants, providing immediate cash flow from day one.

With below-market rents, there is excellent potential to increase income over time. An added bonus is the expansive unfinished top floor, offering the opportunity to create two additional apartment units (subject to municipal approvals), significantly increasing the property's earning potential.

Whether you're looking for a turnkey investment with reliable tenants or a value-add project with room for substantial growth, this property offers both. Don't miss your chance to own an investment with immediate returns and exceptional upside potential.

Location

State NY

County Chemung

Area Elmira-City-070400

Direction Heading on Church Street property is marked with a sign.

Rooms

Basement Full, Walk-Out Access

Interior

Heating Electric, Baseboard

Flooring Carpet, Hardwood, Varies, Vinyl

Fireplace No

Appliance Electric Water Heater, Gas Water Heater

Exterior

Utilities Available Sewer Connected, Water Connected

Porch Open, Porch

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Connected

Water Connected, Public

Structure Type Wood Siding

Construction Status Existing

Schools

School District Elmira

Others

Senior Community No

Tax ID 070400-089-018-0003-035-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard


Listed by Signature Properties

NEARBY SCHOOL & BUSINESS

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Dawn Nowak

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514 W Church