Property Description

Discover the potential of this well-maintained three-unit multifamily property in Palmyra NY, just a short stroll from the Joseph Smith Farm, Sacred Grove and LDS Temple! Whether you're an investor looking to expand your portfolio or an owner-occupant seeking additional rental income, this property offers versatility, space, and excellent income-producing potential. A major bonus: All three units are completely furnished and ready to go on day one! This turnkey setup offers an opportunity to begin generating rental income without the added expense and hassle of furnishing the apartments. Unit 1 is a spacious two-story apartment featuring 2 bedrooms, 1.5 bathrooms, and hardwood floors throughout. Unit 2 is a comfortable 1-bedroom, 1-bathroom apartment with hardwood floors throughout. Unit 3 is a bright and airy Walk-out basement apartment offering 1 bedroom and 1 bathroom. Enjoy the convenience of two blacktop driveways providing ample off-street parking for tenants and guests. The generous .47-acre lot offers plenty of outdoor space, adding to the property's appeal. Numerous updates and improvements have been completed throughout the property. Be sure to review the detailed list of updates attached to the listing! Strong Rental Income Potential! Based on estimated current Palmyra market rents, this property could generate approximately $3,200-$3,740 per month, or $38,400-$44,880 in potential gross annual rental income. The fully furnished units may also provide opportunities to appeal to furnished-rental and traveling professional markets. With three separate living spaces, furnishings included, ample parking, a generous lot, and numerous updates, this is an opportunity worth exploring. Whether you're looking for a turnkey investment or a property with the flexibility to live in one unit while renting the others, don't miss your chance to own this versatile multifamily property in Palmyra!

Property Features

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