1277 Standard Ave, Hornell, NY 14843

Solid (the structure was originally built as a warehouse; its walls and floors are 2-foot thick concrete), 8-unit apartment building. The property was completely renovated in the year 2006. It is fully occupied by tenants. Each unit is on a 1-year lease that automatically renews. It offers six studio apartments on the 2nd floor with a total monthly income of $3,475.00. And, on the 1st floor, there are two, 2-bedroom apartments bringing in $1,670.00 per month. Each floor has its own laundry room. The owner pays for electricity ($1,800 / year), Propane ($4,500 / year), and fresh water ($2,264 / year).