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43 Chapel St 11 Unit Apartment Building $399,000 ($36,273/Unit) 13.79% Cap Rate Mount Morris, NY 14510
Investment Highlights
- Great investment opportunity.
- Zoned for lodging.
- Located in the heart of Mount Morris.
- Located close to Letchworth State Park.
Executive Summary
Well Maintained Village Investment Property! ~ Solid Investment Opportunity ~ Great Return On Investment ~ Operating Expense Total Includes Taxes ~ Zoned For Lodging Which Creates Endless Possibilities ~ Well Maintained With Solid Mechanics! ~ Showings BY APPOINTMENT ONLY ~ Property will require cash or commercial financing ~ Please Do NOT Approach Tenants.
Property Facts
| Price | $399,000 | Building Class | C |
| Price Per Unit | $36,273 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 3,408 SF |
| Cap Rate | 13.79% | No. Stories | 2 |
| No. Units | 11 | Year Built | 1945 |
| Property Type | Multifamily | Parking Ratio | 1.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | Commercial - Commercial | ||
| Price | $399,000 |
| Price Per Unit | $36,273 |
| Sale Type | Investment |
| Cap Rate | 13.79% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 3,408 SF |
| No. Stories | 2 |
| Year Built | 1945 |
| Parking Ratio | 1.47/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | Commercial - Commercial |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 10+2.5 | 11 | - | - |
1 1
Property Taxes
| Parcel Number | 243601-106-019-0002-002-000-0000 | Improvements Assessment | $95,700 |
| Land Assessment | $24,300 | Total Assessment | $120,000 |
Property Taxes
Parcel Number
243601-106-019-0002-002-000-0000
Land Assessment
$24,300
Improvements Assessment
$95,700
Total Assessment
$120,000
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43 Chapel St
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