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Epique Realty
35 Cowing Street, Lancaster, NY 14043
- $299,000
- 6
- BD
- 2
- BA
- 1,600
- SqFt
- List Price
- $299,000
- Status
- ACTIVE
- Days on Market
- 58
- MLS#
- B1704607
- Subtype
- Residential
- Style
- Duplex
- Architectural Style
- Duplex
- Year Built
- 1900
- Bedrooms
- 6
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,600
- Lot Size
- 4,886
- Acres
- 0.11
- Subdivision
- Holland Land Company's Su
- Neighborhood
- Holland Land Company's Su
- MLS Area Major
- Lancaster
Property Description
Turnkey multi-family investment opportunity in the Village of Lancaster! This high-performing double features two spacious 3-bedroom apartments generating $2,900 in total gross monthly rent, with the downstairs unit currently leased for $1,550 and the upstairs unit for $1,350. The downstairs unit will be delivered vacant by closing, presenting a flexible opportunity for owner-occupants, house-hackers, or investors seeking to place a new tenant at current market rates. All major mechanicals and high-ticket capital improvements have been completed, including a new main sewer line with a transferable 5-year warranty installed in 2025, new hot water tanks in 2025, and a full tear-off roof with gutters completed in 2020. Unlocked asset upside remains with a detached 2-car garage, sunroom office, partially finished attic, and basement storage that offer immediate potential for additional rental income. Separate utilities split responsibility cleanly between units.
Additional Information
- Exterior Features
- Balcony, Patio
- Taxes
- $3,441
- Property Description
- Duplex
- Zoning
- Residential 2 Unit
- Flooring
- Laminate, Varies, Vinyl
- Appliances
- Gas Water Heater
- Heating
- Electric, Gas, Forced Air
- Stories
- 2
- Levels
- Two
- Roof
- Asphalt
- Parking Features
- Concrete
- Garage Spaces
- 2
- School District
- Lancaster
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Listing courtesy of HUNT Real Estate ERA. Contact: 716-770-5478