Property Description

Turnkey 3-Unit Investment Property with Strong Updates, Parking, Garage & Expansion Potential Excellent opportunity to own a well-maintained and substantially updated 3-unit multifamily property in Elmira, NY. This income-producing asset offers strong rental history, major capital improvements, and additional upside potential with ample parking, garage space, and room for future development. The property currently generates $2,850/month in rental income with no delinquency issues, providing immediate cash flow for an investor or owner-operator. Major improvements include: New roof installed July 2024 Most windows replaced All work fully permitted Significant electrical and plumbing upgrades Two apartments completely renovated down to the studs One of the standout features is a massive nearly 1,000 square foot efficiency apartment converted from a former yoga studio, offering an open-concept layout with unique character and flexibility. Additional highlights include: Large parking lot with abundant off-street parking Detached garage Coin-operated laundry room for additional income Two units with separated utilities Space and potential for future expansion or additional development Strong tenant payment history This property combines stability, modernized systems, and future upside - ideal for investors looking for a solid multifamily asset with value-add potential already built into the site. Whether you are expanding your portfolio or looking for a property with long-term appreciation potential, 403 Walnut Street offers a compelling mix of cash flow, updates, and opportunity.

Property Features

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