BEDS7
BATHS3 full
SQUARE FEET3,980
MLS#R1700720
STATUSActive
PROPERTY TYPEResidential -
SCHOOLElmira
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 $34,000 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.
Property Features
Property Type: Residential -
Basement: Full, WalkOutAccess
Heating: Electric, Baseboard
Lot Size: 0.33 Acres
Stories: 3.0
Taxes: $4,004
Year Built: 1890
Feature Descriptions
Appliances: ElectricWaterHeater, GasWaterHeater
Exterior: WoodSiding
Flooring: Carpet, Hardwood, Varies, Vinyl
Lot: Rectangular, RectangularLot
Lot Dimensions: 81X176
Parcel#: 89.18-3-35
Parking: Common, Gravel
Parking Notes: Common, Gravel
Patio/Porch: Open, Porch
Sewer: Connected
Units: 3
Utilities: SewerConnected, WaterConnected
Water: Connected, Public
Local Schools
School District: Elmira
Listed By / Shown By
Listing By
Agency Name: Signature Properties
Agency Phone: (607) 796-9817
Shown By
Agent Name: Maria C. Bufalino
Agent Phone: (716) 308-6561
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 937.80 per month $534.14 Principal & Interest $333.67 Property Tax $70.00 Homeowner's InsuranceChange Payment Information
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514 W Church | MLS# R1700720
This home located at 514 W Church , Elmira, NY 14901 is currently listed for sale with an asking price of $240,000. This property was built in 1890 and has 7 bedrooms and 3 full baths with 3980 sq. ft. W Church is located within the Elmira school district. Search Elmira real estate on mbufalino.mjpeterson.com today.