$795,000

Interlaken Landing - Newly Constructed & Renovated Old Train Station Affordable Housing With Value Add Upsides

AreaTrumansburg, Other
# Units5 plus Units
Annual Income$66,000
# Bed7+
# Bath4+
ParkingOff Street Included
Handicap AccessibleYes
FurnishedYes
Other Features AvailableDishwasher, High Speed Internet and Cable Television Ready, Non-Carpeted, Washer Dryer in Unit, Yard Access
Utilities Cable Television (Separate Meter), Cooking Gas (Separate Meter), Cold Water (Separate Meter), Hot Water (Separate Meter), Electricity (Separate Meter), Heat (Separate Meter), High Speed Internet (Separate Meter)
NeighborhoodLocated in Interlaken Town of Covert
Area Amenities • Situated between the Finger Lakes of Cayuga and Seneca Lakes, in Interlaken, NY • Bedroom community to larger towns/cities nearby • Conveniently located in the heart of the Finger Lakes Wine/Beer/Spirits region, approx. 7 miles from Trumansburg, 19 miles from Ithaca, and 23 miles from Seneca Falls
Address
8385 N Geneva St
Interlaken NY 14847

Income property for Sale Renovated Former Train Station

Affordable Housing Project

Income Investment + Development Opportunity 
Currently 6 units with 14 beds. By entitlement can expand current building with new construction to 8 units and 20 beds. 
100 % fully leased

 

Property Highlights Former train station converted into apartments:

• Tax ID: 03-1-46 County Seneca 

• (4) Newly constructed 2 BR units Finsihed 2017

• (2) Renovated/updated 3 BR units Finished 2017

• All units have laundry in unit

• Off-street paved parking available for all units

• Further upside value add via rent increase and new further development 

• Entitled right for additional two dwelling units and available land for more multi-family building units 

 

 

$795,000.00 Asking Price

 

 

More information available upon request financials, survey, etc. 


Please inquire via call/email to August Monkemeyer Licensed Real Estate Salesperson Pyramid Brokerage Company
Please check out our website for the property listing below as well as other opportunities, additional information and available properties 
https://www.pyramidbrokerage.com/properties/listings/details/G5114/8385-geneva-street-interlaken-ny

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