Full details for Other For Sale in Seneca Falls, New York

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Description

Attention investors!!! Location, location, location! This property is half mile from 5and20, 3.5 miles from Rt 318 and 3.7 miles from the thruway. This unique property offers 3 sources of income. There are two apartments, a 1 bed 1 bath and a 2 bed 2 bath. There is also a graphics print shop and a 3 bay auto repair shop. They are all fully rented and the rents are as follows: 1 bed-$500, 2 bed-$750, Garage-$1100 and the graphics shop-$600. All of these rents are well below fair market rent and could very easily be increased. The existing buildings only take up about half of the 2.03 acres leaving room for further development. The current owner has a contract with SBA Towers to construct a cell tower on the back corner of the lot. The rent would be $1200 monthly and increase by 10% per year for 55 years. With over an acre of undeveloped area another potential would be storage units. These are just a few. Bring your vision to this prime location. Back to listing