Auburn, NY 13021,242 State ST
Auburn, NY 13021,242 State ST
Auburn, NY 13021,242 State ST
26
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$259,900
Est. payment /mo
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5 Beds
4 Baths
3,140 SqFt
New

242 State ST Auburn, NY 13021

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,140 sqft

Price per Sqft $82

MLS Listing ID S1657404

Bedrooms 5

Full Baths 4

Construction Status Existing

HOA Y/N No

Year Built 1890

Annual Tax Amount $7,036

Lot Size 8,990 Sqft

Acres 0.2064

Lot Dimensions 66X136

Property Sub-Type Multi Family

Property Description

Presenting a well-maintained three-family property offering strong rental performance and versatility for both investors and owner-occupants alike. The building features two fully renovated units plus one well-kept unit, each with separate utilities, ensuring easy management and cleaner operating expenses. This home consists of two 2 bedroom and 0ne 1 bedroom apartments, unit 2 is a 2 bedroom 2 bathroom.

Current annual net operating income stands at $23,064, providing an attractive turnkey investment opportunity with room for future upside through market rent adjustments or continued portfolio scaling.

This property is being offered as part of a four-home investment portfolio, delivering the rare chance to acquire multiple income-producing assets in one transaction. Current annual net operating income for the entire portfolio stands at $79,801.

A smart and stable addition to any investor's holdings—modernized interiors, strong rental performance, and a configuration that appeals to today's tenants make this one a standout.

To view the other homes in this portfolio, please refer to MLS numbers:
S1657403
S1657402
S1657399

Location

State NY

County Cayuga

Area Auburn-050100

Direction Take State St North. House is on the right just past Grant St.

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Hardwood, Varies, Vinyl

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Sewer Connected, Water Connected

Building

Lot Description Rectangular, Rectangular Lot, Residential Lot

Story 2

Sewer Connected

Water Connected, Public

Level or Stories Two

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Auburn

Others

Senior Community No

Tax ID 050100-108-083-0001-008-000-0000

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/syr/S1657404

Listed by Baier Real Estate LLC

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 7
  • 6

    Genesee Street Elementary School

    Public | KG - 6

  • 5

    William H Seward Elementary School

    Public | KG - 6

  • 4

    Herman Avenue Elementary School

    Public | KG - 6

  • 4

    Owasco Elementary School

    Public | KG - 6

  • 1

    Casey Park Elementary School

    Public | KG - 6

  • 0

    St Joseph School

    Private | PK - 8

  • 0

    Hillside Childrens Center - Finger Lakes Campus

    Private | 3 - 12

Middle Schools 2
  • 1

    Auburn Junior High School

    Public | 7 - 8

  • 0

    Tyburn Academy of Mary Immaculate

    Private | 7 - 12

High Schools 1
  • 3

    Auburn High School

    Public | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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