56 North Main Street

  • Location: 56 North Main Street, Massena NY
  • Square Footage: 5040
  • Six-plex apartment building
  • Built 1960
  • 4 – one bedroom units
  • 2 – two bedroom units
  • Roof 2,400 S.F. – Shingled 25 square lifetime, architectural IKO 2016
  • Renovated May-June 2016 with grant
  • Current Income/Expense Summary:
    • Gross Annual Rental Income 2020: $33,600
    • Operating Expenses: $16,200
    • Net Operating Income: $17,400
    • Asking Price: $220,000
    • Est. 2020 Taxes: $4,354
    • Cap Rate .08 or 8%

No land contracts or owner financing. Qualified buyers only.