USANYGeneva31 Genesee St
31 Genesee St, Home with 6 bedrooms, 3 bathrooms and null parking in Geneva NY | Image 1
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$339,000

31 Genesee St, Geneva, NY

Real Estate

For Sale

$--,---,---
630
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 3366 sqft
Garage No
Taxes $5,300
Days Active 7
Lot Size 
Approx. Age 1880
Avg. Price Per Sqft $100
MLS® Number R1622153

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Investor Opportunity: 31 Genesee Street in Geneva, NY is a fully occupied, low-capex 3-family property delivering a 10% cap rate on current operations, with an in-place NOI of $32, 400/year. The building features three (3) separately metered, 2 Bedroom, 1 Bath apartments across three levels, including an upper unit with a private rear stairway entrance and a dedicated mudroom/storage area. The main level includes a shared storage room for larger items which is accessible to Apartments 2 and 3. Operational highlights include keypad entry, a secured utility room for mechanicals and owner storage, a new sewer line from the street, new membrane roof, and a newer boiler & hot water heater. The property is fully occupied and will included all landlord-owned appliances at closing. Tenants pay for internet and electric in addition to rent. The property is professionally managed by a local management company whom could continue oversight for a new owner if preferred. The property will trade with a fresh Certificate of Occupancy, minimal capital expenditure needs, and strong rental demand in the Geneva market. This stabilized triplex checks all the boxes for investors seeking solid returns and low operational overhead.Show Description
MLS® NumberR1622153
Laundry Level
Central VacNo
FireplaceNo
Acreage0.28
Exterior
GarageNo
Approx. Age1880
BasementPartial
DrivewayPaved, Parking Available, Two Or More Spaces
Garage Spaces
HeatGas, Hot Water
A/C
Heating Fuel

Extras

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