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Lakeview Apartments 2 Fall St 32 Unit Apartment Building $1,700,000 ($53,125/Unit) Seneca Falls, NY 13148
Investment Highlights
- ±1.4 Acres
- Three (3) stories
- Recent $96,000 CapEx investment into elevator
- ±34,462 Square Feet
- Significant upside potential, including the addition of 12-15 more residential units in the unfinished sections of the building
- Potential to develop waterfront
Property Facts
| Price | $1,700,000 | Building Class | B |
| Price Per Unit | $53,125 | Lot Size | 1.40 AC |
| Sale Type | Investment | Building Size | 34,462 SF |
| No. Units | 32 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1976 |
| Apartment Style | Low-Rise | Parking Ratio | 1.89/1,000 SF |
| Zoning | C-1 | ||
| Price | $1,700,000 |
| Price Per Unit | $53,125 |
| Sale Type | Investment |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 1.40 AC |
| Building Size | 34,462 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1976 |
| Parking Ratio | 1.89/1,000 SF |
| Zoning | C-1 |
Amenities
Site Amenities
- Laundry Facilities
- Picnic Area
- Property Manager on Site
- Waterfront
- Walking/Biking Trails
- Bicycle Storage
- Dock
- Elevator
- Lake Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 27 | - | 290 - 400 |
| 1+1 | 3 | - | 686 |
| 2+1 | 2 | - | 945 |
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Property Taxes
| Parcel Number | 453289-012-000-0001-016-000-0000 | Improvements Assessment | $1,197,000 |
| Land Assessment | $103,000 | Total Assessment | $1,300,000 |
Property Taxes
Parcel Number
453289-012-000-0001-016-000-0000
Land Assessment
$103,000
Improvements Assessment
$1,197,000
Total Assessment
$1,300,000
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Lakeview Apartments | 2 Fall St
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