Shoreline Apartments

  • Location: 4, 6, 8, 10, 18½ N. Main Street, Massena NY
  • Square Footage: 16,304
  • 4 N. Main Street – 4 Two Bedroom Units
  • 6 N. Main Street – 4 Two Bedroom Units
  • 8 N. Main Street – 4 Two Bedroom Units
  • 10 N. Main Street – 4 Two Bedroom Units
  • 18½ N. Main Street – 2 Two Bedroom Units
  • Units built in 1990
  • All units are total electric with their own meters
  • New shingled roofs installed in the past 5 years
  • Plus, four vacant parcels on Main Street
  • Current Income/Expense Summary:
    • Gross Annual Rental Income 2020: $129,600
    • Operating Expenses: $76,000
    • Net Operating Income: $53,551
    • Asking Price: $660,000
    • Est. 2020 Taxes: $21,575
    • Cap Rate .08 or 8%

No land contracts or owner financing. Qualified buyers only.