452 West Water Street

Elmira, NY 14905

$369,900
Price
6
Beds
6
Baths
4,724 Sq. Ft.
$78 / Sq. Ft.
4,724
Sq. Ft.
$78
per Sq. Ft.

Description

Welcome to an exceptional investment opportunity nestled in the heart of Elmira, NY! Presenting a six-unit apartment complex with well-maintained apartments, this property promises immediate returns with fully occupied units and potential for increased rental income. Boasting a prime location within walking distance to an array of shops, dining establishments, and businesses, it offers tenants unparalleled convenience and accessibility. Additionally, being near Elmira College adds to its appeal,...Welcome to an exceptional investment opportunity nestled in the heart of Elmira, NY! Presenting a six-unit apartment complex with well-maintained apartments, this property promises immediate returns with fully occupied units and potential for increased rental income. Boasting a prime location within walking distance to an array of shops, dining establishments, and businesses, it offers tenants unparalleled convenience and accessibility. Additionally, being near Elmira College adds to its appeal, attracting students and faculty seeking convenient housing options. Strategically situated near St. Joseph's Hospital and the highway, ensuring easy access to essential amenities and streamlined commutes. Nearby parks provide opportunities for leisure and recreation, enhancing the quality of life for residents. Don't let this opportunity slip through your fingers. Seize the chance to own a carefully maintained property in a thriving community today!
  1. Listed by Coty Lunn • INNOVATIVE COMMERCIAL ADVISORS

Property Details for 452 West Water Street

Architectural Style
MultiFamily
Zoning
NMU
LISTING UPDATED: 04/19/2024 01:54 PM

Property Details for 452 West Water Street

StatusActive
MLS #324444
Days on Market275
Taxes$4,364 / year
HOA Fees-
Condo/Co-op Fees$2,431 semi-monthly
Compass TypeMulti Family
MLS TypeResidential Income / Apartment
Year Built1957
CountyChemung County

Building Information for 452 West Water Street

Building/Complex452 W Water StFloor-Stories-Residences6Pet Policy-Year Built1957Building Size-

Property Information for 452 West Water Street

Summary
Location and General Information
  • City: ELMIRA
  • County Or Parish: Chemung
  • Directions: Clemens Center Parkway, Right onto W Water St, property on right. Nestled in the heart of Elmira, New York, this property boasts a prime location that offers both convenience and charm. Situated within walking distance to an array of businesses and restaurants, residents enjoy easy access to local amenities and vibrant city life. The proximity to Elmira College adds a touch of academia and cultural enrichment to the neighborhood. Conveniently positioned near major highways, commuting is a breeze, allowing residents to explore neighboring towns and cities with ease. Additionally, the close proximity to St. Joseph's Hospital and Arnot Ogden Medical Center ensures peace of mind with access to quality healthcare facilities just a stone's throw away. Whether strolling through the bustling streets or enjoying the tranquility of nearby parks, this property offers the perfect blend of urban convenience and suburban tranquility.
  • Postal City: ELMIRA
  • Township: Elmira
  • State Or Province: NY
  • MLS Area Major: Area 12
  • Postal Code: 14905
  • Zoning Description: NMU
Taxes and HOA Information
  • Maintenance Expense: $2,431.00
  • Tax Annual Amount: $4,364.00
  • Tax Assessed Value: $70,000.00
  • Tax Book Number: 89.18-6-23
School Information
  • Elementary School: Elmira
  • Elementary School District: Elmira
  • High School District: Elmira
  • Middle Or Junior School District: Elmira
Parking
  • Garage Spaces: .00
  • Garage: No
  • Parking Features: Driveway
Property
Lot Information
  • Above Grade Finished Area: 4724.0
  • Living Area: 4724.0
  • Lot Features: Level
  • Lot Size Dimensions: 69 x 172 ft
Property and Assessments
  • Sign On Property: No
  • Year Built: 1957
  • Property Sub Type: Apartment
  • Property SubType Additional: Apartment
  • Property Type: ResidentialIncome
  • Construction Materials: WoodSiding
Utilities
  • Sewer: PublicSewer
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Exterior Features: Deck
  • Foundation Details: Basement
  • Patio And Porch Features: Deck, Open
  • Structure Type: Apartment
Interior Features
  • Appliances: GasWaterHeater, Range, Refrigerator
  • Inclusions: CARBON MONOXIDE DETECTOR,SMOKE DETECTORS
  • Cooling: No
  • Cooling: None
  • Flooring: Carpet, Tile, Vinyl
  • Heating: ForcedAir
  • Heating: Yes
  • Bathrooms Full: 6
  • Bathrooms Half: 0
  • Bedrooms Total: 6
Room Information
Room 1
  • HumanModified: Yes
Room 2
  • HumanModified: Yes
Room 3
  • HumanModified: Yes
Room 4
  • HumanModified: Yes
Room 5
  • HumanModified: Yes
Room 6
  • HumanModified: Yes
Mobile Home
Mobile/Manufactured Home
  • Human Modified: Yes
Multi Family
Multi-Family Information
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Units Total: 6
Income & Expenses Information
  • Water Sewer Expense: $618.00
  • Fuel Expense: $3,672.00
  • Gross Income: $45,120.00
  • Insurance Expense: $2,466.00
  • Electric Expense: $3,672.00
  • Operating Expense: $17,223.00
  • Net Operating Income: $27,897.00
Unit 1
  • Actual Rent: $585.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $585.00
Unit 2
  • Actual Rent: $650.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $650.00
Unit 3
  • Actual Rent: $675.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $675.00
Unit 4
  • Actual Rent: $675.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $675.00
Unit 5
  • Actual Rent: $550.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $550.00
Unit 6
  • Actual Rent: $625.00
  • Baths Total: 1
  • Beds Total: 1
  • Total Rent: $625.00
Rental
Rental Information
  • Lease Amount Per Area Unit: DollarsPerSquareFoot

Property History for 452 West Water 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 452 West Water Street

Taxable ValueLand$13,000Additions$57,000Total$70,000
Home Facts
Total Finished SqFt3,220 SqFtAbove Grade Finished SqFt3,220 SqFtUnfinished Basement SqFt1,504 SqFtStories2Lot Size11,868 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningNMUCountyCHEMUNGAPN070400 89.18-6-23

Schools near 452 West Water Street

This home is within Elmira City School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 9
Public - 10 to 12
Rating
School
Distance
Fassett Elementary School
PublicPK to 2

Thomas K Beecher School
Public3 to 6

Broadway Middle School
Public9

Elmira High School
Public10 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.

Similar Homes

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452 West Water Street is a multi-family home for sale in Elmira, NY 14905. This property was listed for sale on February 7, 2024 by INNOVATIVE COMMERCIAL ADVISORS, it's currently listed at $369,900. It has been on the market for a total of 275 days and was last sold on May 17, 2010. This listing's school district is Elmira City School District. Nearby schools include Fassett Elementary School, Thomas K Beecher School and Broadway Middle School. 452 West Water Street is a 6-bed, 6-bath, 4,724 sqft multi-family home built in 1957.

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 INNOVATIVE COMMERCIAL ADVISORS

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.