31 Genesee Street, Geneva, NY 14456
Local realty services provided by:CENTURY 21 North East
31 Genesee Street,Geneva, NY 14456
$325,000
- 6 Beds
- 3 Baths
- 3,366 sq. ft.
- Multi-family
- Active
Listed by: evan schaefer
Office: norchar, llc.
MLS#:R1622153
Source:NY_GENRIS
Price summary
- Price:$325,000
- Price per sq. ft.:$96.55
About this home
Investor Opportunity: 31 Genesee Street in Geneva, NY is a fully occupied, low-capex 3-family property delivering a 11% cap rate on current operations, with an in-place NOI of $34,575/year. The building features three (3) separately metered, 2 Bedroom, 1 Bath apartments across three levels, including an upper unit with a private rear stairway entrance and a dedicated mudroom/storage area. The main level includes a shared storage room for larger items which is accessible to Apartments 2 and 3. Operational highlights include keypad entry, a secured utility room for mechanicals and owner storage, a new sewer line from the street, new membrane roof, and a newer boiler & hot water heater. The property is fully occupied and will included all landlord-owned appliances at closing. Tenants pay for internet and electric in addition to rent. The property is professionally managed by a local management company whom could continue oversight for a new owner if preferred. The property will trade with a fresh Certificate of Occupancy, minimal capital expenditure needs, and strong rental demand in the Geneva market. This stabilized triplex checks all the boxes for investors seeking solid returns and low operational overhead.
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Home facts
- Year built:1880
- Listing ID #:R1622153
- Added:168 day(s) ago
- Updated:December 31, 2025 at 03:45 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:3
- Full bathrooms:3
- Living area:3,366 sq. ft.
Heating and cooling
- Heating:Gas, Hot Water
Structure and exterior
- Roof:Membrane, Rubber
- Year built:1880
- Building area:3,366 sq. ft.
- Lot area:0.28 Acres
Schools
- High school:Geneva High
- Middle school:Geneva Middle
- Elementary school:North Street Elementary
Utilities
- Water:Connected, Public, Water Connected
- Sewer:Connected, Sewer Connected
Finances and disclosures
- Price:$325,000
- Price per sq. ft.:$96.55
- Tax amount:$5,300
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