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Theodore Gogos

theodoregogos@kw.com +1(716) 345-0437

$ 239,900

Est. payment | -/mo

5 Beds

4 Baths

2,466 SqFt

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$ 239,900

Est. payment | -/mo

Save Virtual Tour

5 Beds

4 Baths

2,466 SqFt

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 2,466 sqft

Price per Sqft $97

MLS Listing ID R1693198

Style Other,See Remarks,Fourplex

Bedrooms 5

Full Baths 3

Half Baths 1

Construction Status Existing

HOA Y/N No

Year Built 1960

Annual Tax Amount $4,423

Lot Size 8,398 Sqft

Acres 0.1928

Lot Dimensions 60X140

Property Sub-Type Mixed Use

Property Description

Mixed-use investment opportunity with over $30,000/year in current rental income and additional upside from a 4th unit! This well-maintained property features 3 income-producing residential units in the main building, each with a private entrance, plus a detached garage ADU that, with just a couple finishing projects, could generate an additional $800/month or more. Zoned for both commercial and residential use, the property offers excellent flexibility for investors, owner-occupants, or entrepreneurs. Formerly home to Angela's Hair Salon, the building has been thoughtfully converted to residential use while retaining the potential for future commercial use. The 1st floor includes a 2-bedroom apartment with laundry hookup and vaulted ceilings, plus a studio apartment with vaulted ceilings, kitchenette, walk-in shower, and flexible living space. Upstairs is a 1-bedroom apartment with separate utilities and its own furnace. The lower rear unit is handicap accessible with ramp access. Everything is in great shape and well maintained. A large paved parking lot accommodates approximately 12 cars and includes exterior lighting. Commercial signage on the front and side of the building conveys with the sale. The basement offers 2 laundry hookups and additional finished space formerly used as a salon break room, complete with electricity and a sink, providing flexibility for storage, tenant amenities, or future use. The detached garage ADU is a hidden bonus. Take a look at the photos—who would have guessed a secret studio could be so gorgeous? All it needs is a range and completion of the bathroom to become a possible 4th unit. Current rents: Unit A $975/month (utilities included), Unit B $763/month plus utilities, and Unit C $800/month (utilities included). Unit D, the garage ADU, has never been rented and offers significant additional income potential. Current rents are below market rates. Add the potential 4th unit and you have true cash flow potential, PLUS the sellers also own the 2-unit next door and may be willing to sell both properties together for the right package price. Showings require 48 hours' notice and must be accompanied by the seller's agent.

Location

State NY

County Chemung

Area Elmira Heights Village-Elmira-073001

Direction Easy to find directly across the street from Edison High School in Elmira Heights.

Rooms

Basement Exterior Entry, Full, Walk-Up Access

Interior

Interior Features Ceiling Fan(s), Skylights

Heating Gas, Baseboard, Electric, Forced Air, Multiple Heating Units

Flooring Carpet, Laminate, Varies, Vinyl

Fireplace No

Window Features Skylight(s)

Appliance Gas Water Heater

Laundry Accessible Utilities or Laundry, Washer Hookup

Exterior

Utilities Available Cable Available, Electricity Available, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Architectural,Shingle

Handicap Access Low Threshold Shower, Accessible Approach with Ramp

Porch Open, Porch

Building

Lot Description Irregular Lot, Near Public Transit

Story 2

Foundation Block

Sewer Connected

Water Connected, Public

Architectural Style Other, See Remarks, Fourplex

Level or Stories Two

Structure Type Vinyl Siding,PEX Plumbing

Construction Status Existing

Schools

Elementary Schools Cohen Elementary

Middle Schools Cohen Middle

High Schools Thomas A Edison High

School District Elmira Heights

Others

Senior Community No

Tax ID 79.09-6-32

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://listings.mannamediaco.com/sites/evwknwxm/unbranded

Listed by Keller Williams Realty Southern Tier & Finger Lakes

Nearby Locations

GET MORE INFORMATION

Theodore Gogos

Licensed Associate R.E. Broker Lic# 10301224223

theodoregogos@kw.com

+1(716) 345-0437

5500 Main St, Unit 108, Williamsville, NY

2096 College AVE Elmira, NY 14903

Theodore Gogos

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

2096 College AVE