120 Diamond St, Canastota, NY 13032

Description

Welcome to 120 Diamond Street. This charming and rare 4-unit is a perfect value add to any portfolio or an excellent owner-occupied house-hacking contender. 4 units span across just over 4,200 square feet of living space. There are 2, one-bedroom units and 2, two-bedroom units. 3 units are beautifully updated and remodeled and actively generating income, while one unit is down to the studs and requires your vision. Completing this unit would create quick forced appreciation and turn this property into a long-term income machine! The home is ideally situated on a corner lot with a large parking area at the rear for 4+ cars, a major plus for tenants. An attached garage on the backside of the building adds extra owner storage or could create additional monthly income transformed into tenant storage or a coin-op laundry area. Rents are currently below market value but, this property would easily produce $3200+/ month as-is and $4,500+/ month after the fourth unit is completed and rented. In the village and close to everything. Only 3 minutes to I-90! Don't miss out on this rare opportunity to have 4 units all in one place!