For Sale
55 W Main, Norfolk, NY 13667
$199,000
For Sale
55 W Main, Norfolk, NY 13667
$199,000
| 4,000 sq ft |
5 apts |
5 bath |
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Property Description
Investor Alert: Prime Downtown Norfolk Income Property Exceptional opportunity to own a fully occupied, income-producing apartment building in the heart of downtown Norfolk. This five-unit property boasts a proven rental history, generating $3,875/month, with each unit separately metered for electricity, ensuring convenience and efficiency. On-site coin-operated laundry adds to tenant satisfaction and ease of management. Unit Breakdown: Apartments 1 & 2 (ground floor): 3 bedrooms each Apartments 3 & 4 (second floor): 2 bedrooms each Apartment 5: 1 bedroom Perfectly positioned within walking distance to local shops, cafes, and small-town amenities, while offering a short drive to libraries, parks, museums, Clarkson University, SUNY Potsdam, SUNY Canton, and seasonal outdoor adventures including hiking, skiing, swimming, fishing, and boating. Norfolk is just minutes from the nearby airport with fast direct flights to Boston and convenient access to larger regional cities like Plattsburgh, Ottawa, Montreal, and the Saint Regis Mohawk Reservation, which features a casino and year-round cultural events. This property is ideal for real estate investors seeking multi-family units in upstate New York with strong cash flow potential, as well as professionals and workers drawn to affordable, economical electricity services and high-speed internet in a quiet, small-town setting. No sign on property. Don’t miss this exceptional investment opportunity—contact us today to schedule a viewing and secure your piece of Norfolk’s thriving rental market.
Property Summary
| Type | MULTIFAMILY / COMMERCIAL | MLS # | 52053 |
| Stories | 2 | Year Built | 1900 (126 years old) |
| Apartments | 5 | Est. Taxes | $2,938 |
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Other Information |
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