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133 N Main St 4 Unit Apartment Building $359,000 ($89,750/Unit) Spencer, NY 14883
Investment Highlights
- Excellent turn-key investment property.
- Could also be a nice place for an Owner Occupant to call home while the tenants pay the mortgage and taxes!
- Stylishly renovated apartment Building with the perfect blend of history and modern comfort.
Executive Summary
Excellent turn-key investment property. Stylishly renovated apartment Building with the perfect blend of history and modern comfort. This charming 4-unit apartment building could also be a nice place for an Owner Occupant to call home while the tenants pay the mortgage and taxes!. This 1860 gem has timeless character and has been lovingly renovated from top to bottom. Some of the improvements include: new kitchens, bathrooms, appliances, windows, doors, and decks. Set on almost 5 acres of sprawling land, This property would be a great place for quiet outside enjoyment, friendly gatherings and fun times! Set in a nice village environment people can walk to the nearby village pizza shop or grocery store. Location is an easy commute to Ithaca, Elmira, and Owego. Back acreage of property is located in a 100-year floodplain. Listing agent contacted insurance company and was told that Flood Insurance would not be necessary to get a mortgage. Buyer to verify.
Property Facts
| Price | $359,000 | Building Class | C |
| Price Per Unit | $89,750 | Lot Size | 4.69 AC |
| Sale Type | Investment | Building Size | 3,144 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1860 |
| Property Subtype | Apartment | Parking Ratio | 2.22/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | ZONE | ||
| Price | $359,000 |
| Price Per Unit | $89,750 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 4.69 AC |
| Building Size | 3,144 SF |
| No. Stories | 2 |
| Year Built | 1860 |
| Parking Ratio | 2.22/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | ZONE |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 493401-068-008-0001-001-022-0000 | Improvements Assessment | $34,800 |
| Land Assessment | $55,200 | Total Assessment | $90,000 |
Property Taxes
Parcel Number
493401-068-008-0001-001-022-0000
Land Assessment
$55,200
Improvements Assessment
$34,800
Total Assessment
$90,000
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133 N Main St
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