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Geneva & Penn Yan Residential Portfolio 6 Multifamily Properties Offered at $895,000 in Multiple Locations
INVESTMENT HIGHLIGHTS
- 90% occupancy with long-term tenants
- Updated mechanicals: 200 AMP electric, 90% efficient furnaces, newer hot water tanks
- All utilities metered separately, including water
EXECUTIVE SUMMARY
Exceptional investment opportunity! This 10-door package includes two single-family homes and four duplexes. All but two units currently rented with long-term, reliable tenants. Properties are well maintained and feature numerous recent upgrades throughout.
All utilities are separately metered, including water, keeping operating expenses low. Properties have updated 200 AMP electrical panels and wiring, vinyl windows, and tear-off roofs approximately 15 years old.
Furnaces are 90% efficient and under 5 years old. Hot water tanks are under 5 years old, including a brand new tank just installed on N Main St. Some units have been fully renovated with modern finishes.
This portfolio offers strong cash flow, minimal maintenance, and excellent tenant stability — a perfect turnkey addition to any investor’s portfolio.
All utilities are separately metered, including water, keeping operating expenses low. Properties have updated 200 AMP electrical panels and wiring, vinyl windows, and tear-off roofs approximately 15 years old.
Furnaces are 90% efficient and under 5 years old. Hot water tanks are under 5 years old, including a brand new tank just installed on N Main St. Some units have been fully renovated with modern finishes.
This portfolio offers strong cash flow, minimal maintenance, and excellent tenant stability — a perfect turnkey addition to any investor’s portfolio.
PROPERTY FACTS
| Price | $895,000 | Number of Properties | 6 |
| Price / SF | $36.61 / SF | Individually For Sale | 0 |
| Cap Rate | 11.64% | Total Building Size | 24,445 SF |
| Sale Type | Investment | Total Land Area | 1.40 AC |
| Status | Under Contract |
| Price | $895,000 |
| Price / SF | $36.61 / SF |
| Cap Rate | 11.64% |
| Sale Type | Investment |
| Status | Under Contract |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 24,445 SF |
| Total Land Area | 1.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 33-35 N Exchange st, Geneva, NY 14456 | Multifamily | 5,699 SF | 1890 | - |
| 25-27 Wadsworth st, Geneva, NY 14456 | Multifamily | 5,581 SF | 1900 | - |
| 140 Genesee St, Geneva, NY 14456 | Multifamily | 4,964 SF | 1890 | - |
| 213-215 N Main st, Geneva, NY 14456 | Multifamily | 2,649 SF | 1900 | - |
| 193 William St, Geneva, NY 14456 | Multifamily | 2,362 SF | 1900 | - |
| 230 E Elm St, Penn Yan, NY 14527 | Multifamily | 3,190 SF | 1908 | - |
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Geneva & Penn Yan Residential Portfolio
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