204 Commercial Street, Theresa, NY 13691

Property Description

Great investment opportunity in the Village of Theresa! This spacious 4 unit property offers a great combination of income potential, character and flexibility for both investors and owner occupants. Each apartment features generous living space, tall ceilings and charming original details, including beautiful woodwork and hardwood flooring throughout portions of the property. The main level apartment is especially bright and inviting with large windows providing an abundance of natural light. The property does need some cosmetic work and updating, giving the next owner an opportunity to make improvements over time and add their own finishing touches. Outside, you’ll find a good sized, level backyard that is partially fenced, offering additional outdoor space for tenants to enjoy. Three of the four units are currently rented, generating $2,150 per month in rental income, while the vacant unit provides an excellent opportunity for an owner occupant or the ability to secure an additional tenant and increase overall income. Water and sewer are included in the rent. Additional features include an on demand water heater and some updated flooring. Whether you are looking to expand an existing rental portfolio, purchase your first investment property or live in one unit while the others help offset your mortgage, this 4 unit property offers plenty of possibilities in the heart of Theresa.