Log In/Sign Up
Your email has been sent.
451 Market St 17 Unit Apartment Building $1,242,868 CAD ($73,110 CAD/Unit) 8.69% Cap Rate Elmira, NY 14901
INVESTMENT HIGHLIGHTS
- Rare opportunity to invest in a stable, income-generating 17-unit mixed-use property on Elmira’s high-visibility East Market Street.
EXECUTIVE SUMMARY
Rare opportunity to invest in a stable, income-generating 17-unit mixed-use property on Elmira’s high-visibility East Market Street, featuring 15 residential apartments and 2 commercial spaces. The unit mix includes 4 one-bedroom, 9 two-bedroom, and 2 three-bedroom apartments; gas utilities are tenant-paid. The property also offers 6 secure basement storage units (four 15×20 ft and two 10×10 ft) that can generate additional income. Prime East Market Street location with included off-street parking at 154 & 158 Fox Street, and an 8.69% cap rate.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$202,481
|
$7.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$202,481
|
$7.85
|
| Taxes |
$21,479
|
$0.83
|
| Operating Expenses |
$73,049
|
$2.83
|
| Total Expenses |
$94,527
|
$3.66
|
| Net Operating Income |
$107,954
|
$4.18
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $202,481 |
| Annual Per SF | $7.85 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $202,481 |
| Annual Per SF | $7.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,479 |
| Annual Per SF | $0.83 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $73,049 |
| Annual Per SF | $2.83 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $94,527 |
| Annual Per SF | $3.66 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $107,954 |
| Annual Per SF | $4.18 |
PROPERTY FACTS
| Price | $1,242,868 CAD | Building Class | C |
| Price Per Unit | $73,110 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 25,804 SF |
| Cap Rate | 8.69% | No. Stories | 2 |
| No. Units | 17 | Year Built/Renovated | 1920/2016 |
| Property Type | Multifamily | Parking Ratio | 0.88/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | BB - Central Commercial District | ||
| Price | $1,242,868 CAD |
| Price Per Unit | $73,110 CAD |
| Sale Type | Investment |
| Cap Rate | 8.69% |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 25,804 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2016 |
| Parking Ratio | 0.88/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | BB - Central Commercial District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gas Range
- Walk-Up
1 1
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Number | 070400-089-020-0001-031-000-0000 | Total Assessment | $246,594 CAD |
| Land Assessment | $32,410 CAD | Annual Taxes | $21,479 CAD ($0.83 CAD/SF) |
| Improvements Assessment | $214,185 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
070400-089-020-0001-031-000-0000
Land Assessment
$32,410 CAD
Improvements Assessment
$214,185 CAD
Total Assessment
$246,594 CAD
Annual Taxes
$21,479 CAD ($0.83 CAD/SF)
Tax Year
2024
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
451 Market St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.