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$499,000 For Sale

1-5 Orchard Park Street
Phelps, NY 14532

Multi Family 5+
0.88 acre lot - MLS# R1048877
Property Photo
1/23

Description

Outstanding investment opportunity with this beautiful two building apartment complex. Each building contains four 2 bedroom apartments and layouts are nearly identical in the two buildings. Separate heat and electric in each unit, including built in A/C units. Coin-op laundry in each building. All units are very well maintained and some have been completely remodeled. Hardwood cabinets, wall to wall carpet, and newer vinyl replacement windows throughout. Great location on nice flat lot on dead end street, just down the road from Downtown Phelps and Rte 96. All units occupied by long term tenants. Call today for more information on this rare opportunity!!

Features

  • Acres: 0.8800
  • Additional Exterior Features: Cable TV Available, Thermal Windows - Some
  • Amenities Included: Coin Laundry
  • Area: Phelps-Village-324001
  • Basement: None,Slab
  • City Village Tax: 1735
  • County/Area: Ontario County
  • Directionsto Property: From Route 96 In Phelps, Turn Onto William Street Then Right Onto Ontario Street. Property Is On Lef
  • Driveway Description: Parking Area, Stone/Gravel
  • Exterior Construction: Vinyl
  • Floor Description: Vinyl-Some, Wall To Wall Carpet-Some
  • Garage Spacesper Apt: No Garage Spaces
  • Heating Fuel Description: Electric
  • HVAC Type: Baseboard, Multi-Zone, Wall A/C Units-Some
  • Incomeexpense Information: Estimated
  • Kitchen Equip Appl Included: In All Apartments, Oven/Range Electric-Some, Refrigerator
  • Listing Status: A-Active
  • Lot Dimensions Depth: 242
  • Lot Dimensions Frontage: 152
  • Lot Information: Corner Lot, Neighborhood Street
  • Nearest Cross Street: Ontario St.
  • Number Of 2 Bedroom Apartment: 8
  • Number Of Electric Meters: 10
  • Number Of Gas Meters: 2
  • Number Of Heating Units: 10
  • Operating Expenses Include: Exterior Maintenance, Gas/Oil, Insurance, Refuse, Repairs/Maintenance, Snow Plow, Water/Sewer
  • Parking Spacesper Apt: 2 Spaces
  • Property Type: Multi Family 5+
  • Rent Includes: Grounds Maintenance, Refuse Removal, Snow Removal, Water
  • Roof Description: Asphalt, Shingles
  • School District: Phelps-Clifton Springs (Midlakes)
  • School Tax: 7554
  • Separate Utilities: Electricity
  • Sewer Description: Sewer Connected
  • Sq.Ft.: 6608
  • Stories: 2-Story
  • Sub Type: Other - See Remarks
  • Total Number Of Apartments: 8
  • Total Taxes: 11752
  • Town County Tax: 2463
  • Village: Phelps-Village
  • Water Heater Fuel: Electric
  • Water Resources: Public Connected
  • Year Built: 1980
  • Year Built Description: Existing
  • Zip Code: 14532

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David W. Young, President/Broker

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