1 Erie St N, Macedon, NY 14502

Description

Prime Investment Opportunity: Versatile 3-Family Property with Owner Financing Available!
1 N Erie St, Macedon, NY 14502
Gross Monthly Revenue: $3,100
Square footage includes the garage apartment

Price: $225,000

Property Overview:
Unlock incredible cash flow or live for next to nothing with this unique, multi-unit residential property in the heart of Macedon! Situated on a spacious lot in the Palmyra-Macedon School District, this 3-family property offers an ideal setup for an investor looking to expand their portfolio or an owner-occupant wanting their tenants to pay the mortgage.

The Units:
The property features an intelligent layout spread across a main house and a detached multi-story garage structure, offering excellent privacy for all tenants:

Main House: Features two distinct, easy-to-rent apartments.

Detached 2-Story Garage: Features a private, third apartment situated entirely on the second floor above the garage spaces.

Key Features & Recent Updates
Peace of mind comes standard here. The owner has taken excellent care of the major capital expenditures, meaning you can collect rent without worrying about immediate overhead. Recent improvements include:

Main House: Newer metal roof for ultimate durability and low maintenance, sewer line, updated electrical system featuring newly installed panel boxes.

Numerous upgraded windows and numerous cosmetic improvements throughout.

Tenant-Paid Utilities: Separate gas and electric meters keep your landlord expenses incredibly low. Owner pays water and garbage removal.

Flexible Seller Terms
Opportunities like this don't come along often—the owner will consider holding the mortgage for a well-qualified buyer with a 30% down payment. Skip the strict bank guidelines and take advantage of flexible owner-financing terms to secure your next asset.

Whether you're looking to capitalize on a $3,100/month turnkey revenue stream or want to live in one unit and have the tenants pay the majority of your living expenses, this property is a great investment.

Schedule your private showing today and explore the potential! The seller is reviewing all offers on Tuesday, June 16, 2026