177 Genesee Street

Description

This property is zoned commercial and features 4 residential apartments. It is located in downtown Auburn close to shopping, restaurants, library, public services and bus transportation. This apartment building sits on a large lot with plenty of off-street parking. Two apartments are turnkey and ready to be re-rented, but they have been left vacant to allow for easier property showings. The other 2 apartments have long term tenants, both of whom have been in occupancy since 2018. Apt.#4 features a laundry room with washer/dryer hook-ups. Two main sections of the upper roof were replaced (October 2024). Another section of the roof was replaced in 2018 along with a substantial portion of the soffit/fascia along the sides of the house. Two new windows were installed (October 2020); one new window was installed (November 2022); three new windows were installed (November 2024). New bathroom floor & subfloor, vanity and toilet installed in Apt.#1 (October 2021). New kitchen countertop, sink and plumbing installed in Apt.#1 (October 2021). New gas range installed in Apt.#2 (May 2022). New LifeProof vinyl plank floors installed in Apt.#4 (August 2022). Exterior steps at side entrance to rear Apt.#4 rebuilt (may 2023). New hot water tank and expansion tank installed (August 2020). This property offers great cashflow opportunity!