603-605 W 1st Street, Elmira, NY 14905

Description

Unlock the possibilities with this versatile downtown Elmira duplex, a foreclosure opportunity perfectly suited for investors or those looking to craft their own custom residence. This property offers a unique "blank canvas" appeal, featuring two distinct living spaces with the structural flexibility to easily be converted back into a spacious single-family home. The main level provides a comfortable one-bedroom, one-bathroom layout enhanced by a dedicated office space—ideal for today’s remote work lifestyle. Upstairs, you’ll find a quaint, studio-style one-bedroom apartment that functions as an efficient rental or private guest suite.

Practicality meets potential here, as the heavy lifting on mechanicals has already begun with a newer furnace and hot water tank recently installed. The property is currently optimized for effortless management with two separate meters, allowing for easy utility separation between units. Outdoor amenities are a rare find for the area, including a semi-private yard for relaxation and a detached two-car garage that provides coveted off-street parking or additional storage. Whether you choose to renovate and rent or restore it to its original single-family glory, this property is a standout project in a central location. Sold as-is—bring your vision and seize this downtown value play.