Prime location multifamily!

Market Price

103 Main Street, Dansville, NY 14437

For Sale

Multifamily Garden Low Rise

Active

Last Updated: 12/05/2022

Details:

Cap Rate: 12.6%

Pro Forma Cap Rate : 18.03%

Cash-on-Cash: 63%

NOI: $62,927

Building Size: 9,000 sqft

Lot Area: 5,700 sqft

Occupancy: 100%

Class: C

Units: 8

GRM: 5.77

Average Room Size: 700 sqft

Year Built: 1961

Floors: 2

Parking Spots: 8

Year Last Renovated: 2018

Construction Status: renovated

Parking Ratio: 11

Roof: Metal

Floor: Hardwood, vinyl

Restrooms: 8

Investment Strategy: Core

Offered by

Jacob Twena

Associate Broker

Tri State Commercial Realty

#104719166

Request Info to Unlock

Highlights:

Turn-key opportunity
100% occupied
Newly renovated
Brand new Metal roof
Walking distance to shopping and municipal buildings

Description:

The building at 103 Main St is in the center of the city. One block away from the Town Hall. Currently 100% occupied, tenants are paying rent up-to-date. Recently renovated in 2018, including brand new metal roof, stairways, flooring, etc...
Turn-key operation. Management is already in place (if necessary). NOI reflects current management fees. If you prefer to manage it yourself, your NOI goes up by 7%!