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820 S Main Street

Shelby, NY 14103
  • $315,000
  • STATUS: Active Under Contract
  • ON SITE: 47 Days
  • MLS #: R1426561
Under Contract
$315,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,246
    SQFT
  • $74
    $/SQFT
Type:
Commercial
Built:
1980
County:

School Information

Elementary School:
Middle School:
High School:
School District:

Description

Great Turnkey Investment Opportunity in Medina! Newly Remodeled 6-Plex centrally located just outside Medinas central business district and within walking distance of all amenities & essentials. The property offers (4) One Bedroom Units, and (2) Two Bedroom Unit all with $60,000 in recent renovations. All 6 units are in position to capture market rental rates. The roof is in very good condition following some minor repairs in 2021. Mechanicals on site are in great shape and continuously serviced. All units are separately metered. 2 units are currently occupied on a month-to-month basis. A newly transitioned management company is currently accepting applications to continue lease up. The lot offers plenty off street parking on the west side of the building. Fully occupied NOI of $31,500/y offering a 10% cap rate on in-place cash flow. Don't miss your chance to add this property to your portfolio!

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©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-10-04T00:14:21.547.
www.716realtygroup.com/homes/132236526
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820 S Main Street Shelby, NY 14103

  • Price: $315,000
  • Status: Active Under Contract
  • On Site: 47 Days
  • MLS #: R1426561
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,246
SQFT
$74
$/SQFT
1980
Built
Neighborhood:
Medina Village-Shelby-343601
County:
Orleans
Area:
Medina Village-Shelby-343601
Elementary School:
Oak Orchard
Middle School:
Clifford Wise Middle
High School:
Medina High
School District:
Medina
Property Description
Great Turnkey Investment Opportunity in Medina! Newly Remodeled 6-Plex centrally located just outside Medinas central business district and within walking distance of all amenities & essentials. The property offers (4) One Bedroom Units, and (2) Two Bedroom Unit all with $60,000 in recent renovations. All 6 units are in position to capture market rental rates. The roof is in very good condition following some minor repairs in 2021. Mechanicals on site are in great shape and continuously serviced. All units are separately metered. 2 units are currently occupied on a month-to-month basis. A newly transitioned management company is currently accepting applications to continue lease up. The lot offers plenty off street parking on the west side of the building. Fully occupied NOI of $31,500/y offering a 10% cap rate on in-place cash flow. Don't miss your chance to add this property to your portfolio!
Exterior Features

Construction Materials Vinyl Siding Exterior Features Blacktop Driveway Garage YN No Lot Features Corner Lot Parking Features Three Or More SpacesNo Garage Roof Shingle Waterfront YN No

Interior Features

Appliances Gas Water HeaterSee Remarks Basement Walk-Out Access Cooling OtherSee Remarks Fireplace YN No Fireplaces Total 0 Flooring OtherSee Remarks Heating GasOtherSee RemarksElectricHot Water Heating YN Yes Levels Two

Property Features

Listing Terms Cash Possession Close Of Escrow Property Sub Type Other Rent Includes Trash CollectionWater Sewer Connected Special Listing Conditions Standard Tax Annual Amount 6794 Utilities Sewer ConnectedWater Connected Water Source ConnectedPublic

Chautauqua-Cattaraugus Board Of Realtors logo Listing information © 2022 CNYIS, GENRIS, WNYREIS. Listing provided by Evan L. Schaefer of Norchar, Llc : 585-244-4444.
©2022 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor 716 Realty Group shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than 716 Realty Group are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2022-10-04T00:14:21.547.
 
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716 Realty Group
1 Seneca Street #2979
Buffalo NY, 14203