115-117 East Avenue 115 Hornell NY 14843 MLS #R1579479

Thinking about becoming an investor or are already a seasoned investor? Check out this TURNKEY, nearly HANDS FREE investment property with well established long term tenants. Both of these tenants have been in this property for 20+ years. This property has a generous cap rate of 10.13% – this is after property management expenses, taxes, water/sewer and insurance. These tenants are on a M-2-M written lease agreement. Unit 1 rents for $800 and unit 2 rents for $729. Tenants are responsible for their Gas bill and electric bill. As well as providing their own washer and dryer. Please allow 24 hours notice for all showings. Seller is requiring proof of funds/pre-qualification for all showings.