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53 Arterial

Auburn, NY 13021

$265,000 $1,117/Mo

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Overview

Bed

Bath

2,624

Sqft

0.50

Acre(Lot)

Description

STUNNING REMODELED 3-UNIT MULTI-FAMILY IN THE UP-AND-COMING AUBURN MARKET!! TURNKEY INVESTMENT OPPORTUNITY WITH ALL UNITS OCCUPIED AND PRODUCING STRONG CASH FLOW!! TOTAL RENTAL INCOME OF $3,700/MONTH ($44,400/YEAR) WITH A PROJECTED CAP RATE OF APPROX. 13% AT A $265,000 PURCHASE PRICE!! UNIT BREAKDOWN INCLUDES A SPACIOUS 3-BEDROOM UNIT RENTED AT $1,300/MONTH, A 2-BEDROOM UNIT RENTED AT $1,200/MONTH, AND A 1-BEDROOM UNIT RENTED AT $1,200/MONTH—IDEAL FOR INVESTORS SEEKING IMMEDIATE INCOME AND LONG-TERM APPRECIATION!! PROPERTY HAS BEEN FULLY RENOVATED WITH MAJOR CAPITAL IMPROVEMENTS INCLUDING A NEW ROOF, UPDATED ELECTRIC, NEW PLUMBING, NEW INTERIOR PAINT, NEW FLOORING THROUGHOUT, MODERNIZED KITCHENS WITH NEW CABINETS & SINKS, UPDATED BATHROOMS, NEW APPLIANCES, SEVEN NEW WINDOWS, NEW HEAT ING SYSTEMS, NEW HOT WATER HEATER, NEW ELECTRIC PANEL WITH CIRCUIT BREAKERS, AND MORE!! EXTERIOR FEATURES INCLUDE A LARGE BACKYARD, 3-CAR GARAGE FOR ADDITIONAL INCOME OR TENANT USE, AND TWO UNITS WITH PRIVATE PORCHES!! PRIME LOCATION CLOSE TO SHOPPING, DINING, SCHOOLS, PARKS, ROUTE 5 & ROUTE 34, MAKING THIS A HIGH-DEMAND RENTAL PROPERTY!! PERFECT FOR INVESTORS LOOKING FOR A CASH-FLOW OR OWNER OCCUPANTS SEEKING TO HOUSE HACK AND BUILD EQUITY!! MOVE-IN READY • INCOME PRODUCING • STRONG ROI • SCHEDULE YOUR SHOWING TODAY!!

Property Details

Property Type : Residential

Price : $265,000

AD Id : 76618246

MLS Id : S1669858

Beds : 6

Lot Size : 0.50 Acre

Living Area Size : 2,624

Year Built : 1910

Garage : 3

County : Cayuga

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 6

Bathroom Information

Total Baths: 3 Full Baths: 3

Room Information

Rooms Total: 12 Has Basement: Yes Basement: Full
Flooring Information

Carpet, Hardwood, Laminate, Varies
Roofing Information

Asphalt
Interior Features

Roof: Asphalt Appliances: Free-Standing Range, Gas Water Heater, Oven, Refrigerator
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Forced Air Has Cooling: Yes Cooling: Ceiling Fan(s)

Building Information

Year Built: 1910 Building Area Total: 2624 Construction Materials: Other, Wood Siding Stories: 2 Private Pool: No
Exterior Features

Exterior Features: Balcony

Lot Information

Lot Dimensions: 82X264 Main Square Feet: 0.5 Acres Lot Size Acres: 0.5 Lot Size Square Feet: 21780 Lot Description: Other, Near Public Transit, Rectangular Lot, See Remarks

Listing Price Information

Listing Price: $265000 Cash, Conventional, FHA, VA Loan

Tax Information

Parcel Number: 050100-116-038-0002-012-000-0000 Tax Lot: 12 Annual Tax: $3534

Virtual Tour

Virtual Tour (External Link)

Parking Information

Detached, Garage

Garage Information

Has Garage: Yes Garage Space: 3

Utility Information

Cable Available, Electricity Connected, Sewer Connected, Water Connected
Location Information

WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
1 Alden Avenue, Auburn, NY, 13021	$336,000	3	2	1,633	1,633 SqFt
141 Ross Street Extension, Auburn, NY, 13021	$289,000	3	2	1,065	1,065 SqFt
2 Scammell Avenue, Auburn, NY, 13021	$329,900	3	2	1,456	1,456 SqFt
2 Boyle Avenue, Auburn, NY, 13021	$314,900	3	3	2,112	2,112 SqFt
174 E Genesee Street, Auburn, NY, 13021	$205,000	4	3	2,445	2,445 SqFt
26 Locust Street, Auburn, NY, 13021	$284,900	3	2	912	912 SqFt
48 Augustus Street, Auburn, NY, 13021	$220,000	3	2	1,292	1,292 SqFt
20 Bowen Street, Auburn, NY, 13021	$399,000	3	2	1,752	1,752 SqFt
161 E Genesee Street, Auburn, NY, 13021	$399,999	4	2	2,013	2,013 SqFt
64 Walnut Street, Auburn, NY, 13021	$89,000	3	1	1,221	1,221 SqFt

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ByOwner last updated this listing 06/06/2026 @ 09:36

MLS: S1669858 LISTED BY: Jason Maddison, Howard Hanna Real Estate 315-622-2111 SOURCE: Central New York Information Services