Property Description

Attention investors: if you're looking for a Finger Lakes turnkey investment, this is a strong, fully performing opportunity. Ideally located within walking distance of downtown Montour Falls and its iconic waterfall, this recently updated 3-unit property is fully occupied and generating immediate income. The building consists of one 2-bedroom unit (upper) and two 1-bedroom units (lower front and lower rear). Each unit is all-electric with separate hot water heaters, electric baseboard heat, and individual electric meters-keeping expenses straightforward and tenant responsibility clear. The lower front 1-BR features a welcoming front porch, large bay windows, a spacious updated kitchen, and side-by-side laundry hookups. The lower rear 1-BR offers both side porch and rear patio access, a comfortable living room, and an updated kitchen (no laundry). The upper 2-BR unit includes stackable washer/dryer hookups and functional living space. Recent upgrades included insulation, paint, windows, wiring, and vinyl flooring throughout. PLEASE NOTE: these photos reflect the property's condition prior to tenant occupancy approximately one year ago. Current rents are $900/month for the 2-BR upper, $850/month for the lower front 1-BR, and $850/month for the lower rear 1-BR, bringing the total monthly income to $2,600. Positioned near Seneca Lake, this property benefits from steady rental demand and long-term upside in a desirable Finger Lakes location.

Property Features

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