Lakeview Apartments — Sale in Seneca Falls, NY

  • Price: $1.7M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Seneca Falls, NY 13148

Description

32 Unit Value Add Opportunity with Redevelopment Potential CBRE Upstate NY is pleased to offer 2 Fall Street, known as the Lakeview Apartments, in Seneca Falls, New York. This is a unique opportunity to redevelop this property to take advantage of its underutilized waterfront potential. This property operated as a hospital from 1958 to 1978 and now houses 32 residential units. 2 Fall Street consists of roughly 34,000 square feet over three floors and features an updated elevator for tenants’ convenience. The property offers significant upside potential, including the addition of 12-15 more residential units in the unfinished sections of the building. Dock slips can potentially be installed to allow a buyer to capitalize on the waterfront location. Investors will have the rare benefit of income from the current units while they reposition and redevelop the property for additional units. Our team will accompany interested parties on property tours. All tours must be requested through, and accompanied by, the CBRE Upstate NY listing team and require a minimum 48 hours advance notice and are subject to schedule availability.

Market Context

This multifamily in Seneca Falls, NY is listed for sale at $1,700,000. It has been on the market for 195 days. Compare it against other multifamily listings for sale in Seneca Falls, NY — view the full market.

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