Great opportunity to own a five-unit income-producing property at 11649 Genesee Street in Alden, NY! This property features four 2-bedroom units and one 1-bedroom unit, offering established rental income and additional potential with a recently remodeled, vacant apartment. The lower front apartment (Unit 1) features 2 bedrooms, 2 full bathrooms, and an enclosed mudroom, and is currently vacant for ease of showing. Per the seller, this unit could rent for approximately $1,200 per month. Units 2–4 each offer 2 bedrooms and 1 bathroom, while Unit 5 features 1 bedroom and 1 bathroom. The property also boasts two open, covered porches, ample off-street parking, and a storage shed. The occupied units have long-term tenants, providing an established rental history. Water is the only included utility, with each unit having its own electric and heating source. The roof is estimated to be approximately 10 years old. With the opportunity to generate approximately $4,200 in potential monthly rental income, this five-unit property is a great option for investors looking to expand their portfolio or capitalize on additional rental income potential! The seller has decided to establish an offer deadline of Thursday, October 29th at 10:00 AM for all offers to be submitted.
