912 Magee Street, Elmira City, NY 14901

Property Description

Income-Generating Up/Down 2-Unit Near Elmira College! Versatile Multi-Family Home. This meticulously maintained, move-in ready 2-unit is perfect for investors seeking immediate rental income, multi-generational families, or an owner-occupant looking to offset their mortgage. LOWER UNIT (Vacant & Ready for Owner/Tenant): The spacious first-floor unit features two bedrooms, a full bath (with a stackable washer/dryer), and a small half-bath located in the primary bedroom. This unit boasts multiple living areas, including a main living room, a cozy rear family room with a wood stove for supplemental heat, and an enclosed front room, ideal for a home office or business. The large eat-in kitchen offers plenty of counter and cupboard space. UPPER UNIT (Vacant & Ready for Income): The second-floor apartment is spacious and move-in ready, featuring two bedrooms and its own separate front entrance. Although the unit does not have in-unit laundry, the location is highly convenient, situated close to public transportation and just a short distance from Elmira College. INVESTMENT & PROPERTY DETAILS: This property is currently vacant, offering the buyer flexibility for immediate occupancy or tenant placement. Estimated rental potential is strong: Lower Unit: $800-$1,000 and Upper Unit: $700-$900. Exterior: Features a newer roof and a small, manageable yard. Parking: Includes a recently repaved shared driveway (parking typically designated for the lower unit) with ample on-street parking available for the upper unit. Crucial Note: Utilities are NOT separated, as there is only one utility meter for the property. Don't miss this opportunity to acquire a well-maintained, flexible, and income-producing asset! Schedule your showing today.