Five Apartments And Residential Home - Income-Producing Capability

This great income-producing investment opportunity is only 2 miles from the village of Fabius and the school. The rare opportunity for a multi-purpose property of this size makes no goal out of reach, whether you are looking for five income-producing units and still have a residential home. Plenty of room to expand if one would like to build additional structures as well. The property consists of two separate 2-story buildings with ample parking out front. There are three 2 bedroom/1 bath apartments that include laundry hookups, and 2 one bedroom/1 1-bath apartments. Four of the apartments are occupied with solid rental history. The 2-bedroom apartment is currently occupied by the owner and could add substantially to the monthly income. Each apartment is well-maintained. All tenants are month-to-month at this point, with most being there at least 2 years. The apartment house has a three-bay attached garage as well. All utilities are separated from the farmhouse: septic, well, and electric. The three-bed 1 1-bath, 2,082 sq. ft. farmhouse is owner-occupied at this point and could continue to be by the new owner or converted to additional apartments. It has a private one-car detached garage. Roughly 3.7 acres, Fabius-Pompey Middle/High School in Fabius, NY, is known for its strong athletic programs and its commitment to music education and local history exploration through clubs like the Yorkers Club and a Shakespeare recitation group. The school also prioritizes academic excellence and offers Advanced Placement coursework. The property has a great location near the pretty village of Fabius for amenities as well as area attractions and culture: renowned restaurants and breweries, shopping, culture, and performing arts in Syracuse, Clinton/Utica, outstanding fishing and boating in numerous lakes and rivers, all well within an hour or less. NYS Lands, Forest, and Wildlife Management areas abound in the surrounding areasonly half an hour from Syracuse and less than four hours from the George Washington Bridge.