$325,000

31 Genesee Street, Geneva City, NY 14456

  • 6 beds |
  • 3 baths |
  • 3,366 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1880
  • Property Lot Size Icon0.28acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $97/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

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.

Listing Status:
Active
Date Added:
July 15, 2025 at 05:00AM
Listing Office:
NORCHAR, LLC : 585-244-4444
Listing Agent:
Evan Schaefer : 585-337-1764
MLS ID:
R1622153
  • General: Programmable Thermostat
  • Basement: Partial
  • Flooring: HardwoodLuxury VinylTileVaries
  • Heating: GasHot Water
  • Fireplace: Fireplaces: 0
  • Style: Triplex
  • Parking: PavedParking AvailableTwo or More Spaces
  • Roofing: MembraneRubber
  • General: Brick2
  • Road/Access: City Street
  • Originating MLS: NYS_R
  • School District: Geneva
  • County: Ontario
  • Zoning: 320500-104-026-0001-046-000-0000
  • Utilities: Sewer ConnectedWater Connected
  • Water: ConnectedPublic
  • Sewer: Connected
  • Source: NYS_R

This listing courtesy of Evan Schaefer, NORCHAR, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

North Street Elementary School

400 W North St, Geneva, NY, 14456

Grades 2-5

0.67 miles away

G

Geneva Middle School

101 Carter Rd, Geneva, NY, 14456

Grades 6-8

0.56 miles away

G

Geneva High School

101 Carter Rd, Geneva, NY, 14456

Grades 9-12

0.52 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.