This turn-key investment in Downtown Allegany is something to seriously consider. It is located two doors down from the corner of Main and 5th St. Currently the tenants are mostly associated with Saint Bonaventure. Tenants are responsible for their own electric, 5 out 6 units are heated with electric baseboard. One unit is heated with a gas heater. Hot water is heated with gas, the landlord pays gas and water. 15.89% Cap Rate includes taxes, insurance (~$2,600), and (~$2,000) in utilities. Approximately a 6.3 year payback under current rental income.
Date | Event | Price | $/Sqft | Source |
---|---|---|---|---|
Listing Removed For Sale | $159,900 | $17 | Howard Hanna Professionals | |
Listed For Sale | $159,900 | $17 | Howard Hanna Professionals |