514 W Church , Elmira, NY 14901

New - 5 Hours Ago

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Property Description

Calling all investors! This well-maintained multi-family property is a fantastic opportunity to add a stable, income-producing asset to your portfolio. Currently generating approximately $34,000 in annual rental income, the building is fully occupied with long-term tenants, providing immediate cash flow from day one. With below-market rents, there is excellent potential to increase income over time. An added bonus is the expansive unfinished top floor, offering the opportunity to create two additional apartment units (subject to municipal approvals), significantly increasing the property's earning potential. Whether you're looking for a turnkey investment with reliable tenants or a value-add project with room for substantial growth, this property offers both. Don't miss your chance to own an investment with immediate returns and exceptional upside potential.

514 W Church | MLS# R1700720

This home located at 514 W Church , Elmira, NY 14901 is currently listed for sale with an asking price of $240,000. This property was built in 1890 and has 7 bedrooms and 3 full baths with 3980 sq. ft. W Church is located within the Elmira school district. Search Elmira real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Residential -
Basement: Full, WalkOutAccess
Heating: Electric, Baseboard
Lot Size: 0.33 Acres
Stories: 3.0
Taxes: $4,004
Year Built: 1890

Feature Descriptions

Appliances: ElectricWaterHeater, GasWaterHeater
Exterior: WoodSiding
Flooring: Carpet, Hardwood, Varies, Vinyl
Lot: Rectangular, RectangularLot
Lot Dimensions: 81X176
Parcel#: 89.18-3-35
Parking: Common, Gravel
Parking Notes: Common, Gravel
Patio/Porch: Open, Porch
Sewer: Connected
Units: 3
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Elmira

Estimate Your Payment

Estimated Payment

$ 937.80 per month $534.14 Principal & Interest $333.67 Property Tax $70.00 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Signature Properties
Agency Phone: (607) 796-9817

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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