About 514 W Church
Calling all investors! This well-maintained multi-family property is a fantastic opportunity to add a stable, income-producing asset to your portfolio. Currently generating approximately $37,000 in annual rental income, the building is fully occupied with long-term tenants, providing immediate cash flow from day one. With below-market rents, there is excellent potential to increase income over time. An added bonus is the expansive unfinished top floor, offering the opportunity to create two additional apartment units (subject to municipal approvals), significantly increasing the property’s earning potential. Whether you’re looking for a turnkey investment with reliable tenants or a value-add project with room for substantial growth, this property offers both. Don’t miss your chance to own an investment with immediate returns and exceptional upside potential.
Features of 514 W Church
| MLS® # | R1700720 |
|---|---|
| Price | $170,000 |
| Bedrooms | 7 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 3,980 |
| Acres | 0.33 |
| Year Built | 1890 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 514 W Church |
|---|---|
| Area | Elmira-City |
| City | Elmira City |
| County | Chemung |
| State | NY |
| Zip Code | 14901 |
Amenities
| Utilities | Sewer Connected, Water Connected, Water |
|---|---|
| Features | Rectangular, Rectangular Lot |
| Parking | Common, Gravel |
| Garages | Common, Gravel |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Varies, Vinyl |
|---|---|
| Appliances | Electric Water Heater, Gas Water Heater |
| Heating | Electric, Baseboard |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full, Walk-Out Access |
Exterior
| Exterior | Wood Siding |
|---|---|
| Lot Description | Rectangular, Rectangular Lot |
| Construction | Wood Siding |
School Information
| District | Elmira |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Signature Properties |
|---|