Active
31 Genesee Street, Geneva City NY 14456
MLS# R1688056
$325,000
Price
6
Beds
3
Baths
3,366
Living Area (Sq.Ft.)
0.28
Lot Area (Acres)
$325,000
Price
6
Beds
3
Baths
3,366
Living Area (Sq.Ft.)
0.28
Lot Area (Acres)
Investor Opportunity: 31 Genesee Street in Geneva, NY is a fully occupied, low-capex 3-family property delivering a 11% cap rate on current operations, with an in-place NOI of $34,575/year. The building features three (3) separately metered, 2 Bedroom, 1 Bath apartments across three levels, including an upper unit with a private rear stairway entrance and a dedicated mudroom/storage area. The main level includes a shared storage room for larger items which is accessible to Apartments 2 and 3. Operational highlights include keypad entry, a secured utility room for mechanicals and owner storage, a new sewer line from the street, new membrane roof, and a newer boiler & hot water heater. The property is fully occupied and will included all landlord-owned appliances at closing. Tenants pay for internet and electric in addition to rent. The property is professionally managed by a local management company whom could continue oversight for a new owner if preferred. The property will trade with a fresh Certificate of Occupancy, minimal capital expenditure needs, and strong rental demand in the Geneva market. This stabilized triplex checks all the boxes for investors seeking solid returns and low operational overhead.
Status
Active
Property Type
Residential
Property Sub Type
MultiFamily
Year Built
1880
Parcel Number
320500-104-026-0001-046-000-0000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot
Levels
Two
Building Area Source
PublicRecords
Lot Size Dimensions
60X198
Stories
2
Bath Rooms Full
3
Property Condition
Resale
Elementary School
North Street Elementary
Elementary School District
Geneva
Middle Or Junior School
Geneva Middle
Middle Or Junior School District
Geneva
High School
Geneva High
High School District
Geneva
Location
Listing Agent
Evan Schaefer
Listing Office
NORCHAR, LLC
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow,SubjectToTenantRights
Special Listing Conditions
Standard
Listing Terms
Cash, Conventional, F H A, Va Loan
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-05
Owner Pays
Other, See Remarks
Rent Includes
Other, See Remarks
Gross Income
50520
Net Operating Income
30230
Fire Places Total
0
Interior Features
Programmable Thermostat
Flooring
Hardwood, Luxury Vinyl, Tile, Varies
Heating
true
Heating Features
Gas, Hot Water
Garage
--
Garage Spaces
0
Architectural Style
Triplex
Exterior Features
Deck
Water Source
Connected, Public
Sewer
Connected
Roof
Membrane, Rubber
Utilities
Sewer Connected, Water Connected
Parking Features
Paved, Parking Available, Two Or More Spaces
Basement
Partial
Construction Materials
Brick
Patio And Porch Features
Deck, Open, Porch
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.