61 E Genesee St, Auburn, NY 13021

4 Unit apartment house - $450,000 61 E Genesee St. Auburn (CNY, Finger lakes, Syracuse area) Profitable business property INCOME: $4700 monthly Rental income ($56,400 annually). Expenses: Taxes: $5920, Water: $1200, Insurance: $643. All separate Utilities paid by Tenants NET income: $48,637 *** Owner financing proposal: Balloon payment mortgage, 20% down payment, $2350 monthly payment for 5 years. After the 59th payment, the final payment is the remaining balance due which could be paid with a Home Equity Loan from a bank. $4700 monthly rent income - $2350 loan payment = $2350 for monthly expenses 4 apartments with separate utilities. Apt #1 - $1150 - 2br, 1 bath, kitchen, LR, Laundry Apt #2 - $1000 - 1br, 1 bath, kitchen, LR Apt #3 - $1550 - 3br, 1 bath, kitchen, LR Apt #4 - $1000 - 2br, 1 bath, kitchen, LR, Laundry Large 3 bay barn can be rented for additional income !!! Excellent condition and income. Hardwood floors, beautiful front porch, aluminum siding, recent paint, slate roof, new driveway pavement, renovated barn doors&siding, circuit breaker electrical panels, recent water heaters, You can look up more public information about this property at: https://imate.cayugacounty.us/index.aspx