BEDS7
BATHS3 full
SQUARE FEET3,980
MLS#R1700720
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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: Multi Unit - Multiple
Basement: Full, Walk-Out Access
Heating: Electric, Baseboard
Lot Size: 0.33 Acres
Stories: 3.0
Taxes: $4,004
Year Built: 1890
Feature Descriptions
Appliances: Electric Water Heater, Gas Water Heater
Days on Site: 1
Exterior: Wood Siding
Flooring: Carpet, Hardwood, Varies, Vinyl
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 81X176
Parcel#: 89.18-3-35
Parking: Common, Gravel
Parking Notes: Common, Gravel
Patio/Porch: Open, Porch
Sewer: Connected
Units: 3
Utilities: Sewer Connected, Water Connected
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: Patrick Stanchak
Agent Phone: (716) 949-5452 Cell
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
Patrick Stanchak
Cell: (716) 949-5452
Email Me
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514 W Church | MLS# R1700720
This multi-family property located at 514 W Church, Elmira, NY 14901 is currently listed for sale with an asking price of $240,000. W Church is located within the Elmira school district. Search Elmira real estate on pstanchak.mjpeterson.com today.