$500,000

Versatile investment opportunity with three 1-bedroom apartments and one commercial space in a prime location near Canandaigua Lake. The property has been owner-occupied and meticulously maintained for 17 years. The owner's suite (Apt 1) commands a premium rental rate, and Apt 2 is move-in ready with complete amenities. Apt 3 includes a spacious living room and bedroom, an updated kitchen, and appliances (currently commercial space). All Apts have private laundry. The commercial space features an open floor plan, kitchen, handicap ramp, and storage, suitable for light commercial uses such as offices, bed-and-breakfast, day-care, private event center, and more. Recent upgrades include a second-story addition, major electrical updates, ramp installation, metal fencing, new ACs and on-demand water heaters, new roof, gutters, fire & CO alarm system, and appliances (full list attached). Although utilities are no longer fully split, the property was initially equipped with four separate meters and can be easily converted back. With four rental units and significant capital improvements, this property presents a fantastic investment opportunity with a substantial return on investment.