282 Main Street

Geneva, NY 14456

$799,900
Price
12
Beds
10,032 Sq. Ft.
$80 / Sq. Ft.
10,032
Sq. Ft.
$80
per Sq. Ft.

Description

Prime Investment Opportunity in Downtown Geneva, NY! Located in the heart of the Finger Lakes, this 12-unit apartment building is a fantastic money maker with a cap rate of 13.25%. Situated in downtown Geneva, this property offers convenience and charm. With its strong financial performance and prime location, this investment opportunity is perfect for those looking to expand their portfolio. Don’t miss out on owning a high-yield asset in one of the most beautiful and sought-after regions in New...Prime Investment Opportunity in Downtown Geneva, NY! Located in the heart of the Finger Lakes, this 12-unit apartment building is a fantastic money maker with a cap rate of 13.25%. Situated in downtown Geneva, this property offers convenience and charm. With its strong financial performance and prime location, this investment opportunity is perfect for those looking to expand their portfolio. Don’t miss out on owning a high-yield asset in one of the most beautiful and sought-after regions in New York.
  1. Listed by Nicholas M. Davoli • Century 21 Steve Davoli RE
    P: (315)-568-2903 C: (315)-568-2903 nmdavoli@gmail.com

Property Details for 282 Main Street

On Waterfront
No
Parking Description
None, No Driveway, No Garage
Nearest Cross Street
Milton Street
LISTING UPDATED: 07/30/2024 12:00 PM

Property Details for 282 Main Street

StatusActive
MLS #R1555677
Days on Market114
Taxes$9,625 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1920
Lot Size0.08 AC / 3,496 SF
CountyOntario County

Building Information for 282 Main Street

Stories3Residences12Year Built1920Building Size-Lot Size0.08 AC / 3,496 SF

Property Information for 282 Main Street

Summary
Location and General Information
  • Elementary School District: Geneva
  • High School District: Geneva
  • Middle Or Junior School District: Geneva
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Geneva-City-320500
  • Tax Annual Amount: $9,625.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 10032.0
  • Land Features: Corner Lot
  • Num Of Acres: 0.15
  • Lot Size Area: 0.15
  • Lot Size Square Feet: 3496.0
  • Lot Size Units: Acres
  • Parcel Number: 320500-104-011-0003-056-000-0000
  • Lot Number: 56
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $201,000
  • Year Built: 1920
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Num Of Electric Meters: 1
  • Num Of Gas Meters: 1
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Stone
  • Roof Description: Flat
Interior Features
  • Appliances: Electric Oven, Electric Range, Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement Description: None
  • Basement YN: No
  • Num Of Possible Bedrooms: 12
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Laminate, Varies
  • Heating: Gas, Steam
  • Heating YN: Yes
  • Sq Ft Total: 10032.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $144,120.00
  • Net Operating Income: $96,895.00
  • Number Of Units Total: 12
  • Operating Expenses: $37,600.00
  • Operating Expense Includes: Electric, Fuel, Insurance, Trash, Utilities, Water Sewer
  • Stories: 3
  • Stories Total: 3
Rental
Rental Information
  • Rent Includes: All Utilities
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 282 Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 282 Main Street

Taxable ValueLand$9,900Additions$191,100Total$201,000
Home Facts
Total Finished SqFt7,524 SqFtAbove Grade Finished SqFt7,524 SqFtUnfinished Basement SqFt2,508 SqFtStories3Lot Size3,496 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyONTARIOAPN320500 104.11-3-56

Schools near 282 Main Street

This home is within Geneva City School District.
Rating
School
Type
Grades
Distance
Public - PK to 1
Public - 2 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
West Street Elementary School
PublicPK to 1

North Street Elementary School
Public2 to 5

Geneva Middle School
Public6 to 8

Geneva High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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282 Main Street is a multi-family home for sale in Geneva, NY 14456. This property was listed for sale on July 30, 2024 by Century 21 Steve Davoli RE, it's currently listed at $799,900. This listing's school district is Geneva City School District. Nearby schools include West Street Elementary School, North Street Elementary School and Geneva Middle School. 282 Main Street is a 12-bed, 0-bath, 10,032 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Steve Davoli RE

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.