117 Main Street, North Dansville

Description

Excellent investment opportunity in the charming village of Dansville. This multi-family property features 11 residential units, including one 1-BR, nine 2-BR, and one 3-BR apartments. The exterior has been recently painted and the rubber membrane roof is only about 5 years old. Many units have been freshly updated with new paint and flooring. There is also off-street parking behind the property.

Owner expenses are minimized – tenants are responsible for their own gas and electric, while landlord provides water, and snow and trash removal. Additional value comes from the basement level – it was previously used for retail / commercial purposes and offers storage or future redevelopment / revenue potential.

The property is currently vacant, presenting a unique opportunity for an investor to set market rents and establish a strong revenue stream as units are leased. Taxes are reasonable too, at less than $7500 annually. The building is just steps from shopping, restaurants, and essential services. With a great location, strong unit mix, and recent updates, this property is well positioned to become a stable and profitable investment. Seller reserves the right to set an offer deadline.