26-33 Log Haven Acres Drive, Elmira, NY 14901
sale
$1,567,000
|
Apartment
Courtesy Of RealtyUSA.com
RARE INVESTMENT OPPORTUNITY! 17.58 acres featuring a unique mix of residential, commercial, storage, and development potential. This campus style property offers wooded and cleared acreage, a pond, and nearly 1,000 feet of road frontage on both sides of the road. Currently consisting of 8 buildings and 43 total rental units, including 16 residential units with 14 apartments and 2 single-family homes. The residential mix includes two 3-bedroom apartments, nine 2-bedroom apartments, three 1-bedroom apartments, a 2-bedroom ranch, and a 3-4 bedroom log home. Great value add by raising rents to market rate. The property also includes numerous storage and commercial spaces, including small and large storage units, open storage, garage spaces, two commercial business spaces, a 2-bay company shop with service pit, standalone storage, and a pay laundry. An efficiency apartment is currently utilized as a company office. Significant upside exists with potential to build approximately 40+ additional storage units. The expansive acreage also offers potential for an already approved solar farm. All apartments have electric heat, making this property particularly well-suited for exploring solar as a way to potentially offset electric costs and provide long-term value for both ownership and tenants. Included is a complete turnkey shop with tools and equipment, a 60" Z-mower, and extensive onsite inventory including lumber, roofing, flooring, countertops, sinks, cabinets, appliances, and more. A truly unique opportunity with multiple income streams, substantial acreage, existing rental operations, and significant room for expansion. Properties offering this combination of residential, commercial, storage, and development potential are rarely available so don't miss out on this one of a kind property.
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Property Features
- Age: 41-50 Years Old
- Floors: 2
- Heating System: Baseboard
- Heating System: Forced Air
- Heating System: Natural Gas
- MLSID: R1706217
- Parking Spaces: 30
- Roof Type: Metal
- Roof Type: Shingle
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