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Home / Rochester Area Apartments / Palmyra / Value-add, Multi-story-home In Newark
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Updated 2 hours ago

Value-add, Multi-story-home In Newark


1004 N Main St Newark, NY

3 Bed
•
2 Bath

2,359 Sq. Ft.
Floor plans
3 Beds • 2 Bath
$1,000
2359 ft2
1 Available
Managed By: DTH-REO, Inc.
-
$1,000
Available: Ask
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Value-add, Multi-story-home In Newark
Value-add, Multi-story-home In Newark
Value-add, Multi-story-home In Newark
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Property details
Description

1004 N Main Street, Newark, NY 14513 presents an opportunity to acquire a tenant-occupied residential investment property in the heart of Newark. This classic multi-story home offers immediate income potential and features a spacious layout, covered front porch, mature landscaping, and convenient access to local amenities, schools, parks, and employment centers.
The property is ideally suited for investors seeking a stabilized asset with long-term appreciation potential and opportunities for future value enhancement. Its prominent location along North Main Street provides strong visibility and accessibility while maintaining the character of an established residential neighborhood.
Whether you're looking to expand an existing rental portfolio or acquire a cash-flowing investment in the Finger Lakes region, 1004 N Main Street offers a compelling combination of current occupancy, location, and upside potential.
Tenant Occupied – Please Do Not Disturb Tenant. All showings are by appointment only; please contact Meli Aguirre at 737-239-0034

Additional Details
Total Unit Count: 1
Last Updated: Updated 2 hours ago
Contact Number: (737) 239-0034
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
Charter Communications 940.0 35.0
ViaSat, Inc. 35.0 3.0
Hughes Network Systems, LLC 25.0 3.0
VSAT Systems, LLC 2.0 1.3
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Value-add, Multi-story-home In Newark by bedroom type below.
3 Bedroom
Suggested income:
$36,000
per year
Rent report

Value-add, Multi-story-home In Newark Rent vs. Palmyra Average

 Value-add, Multi-story-home In Newark      Palmyra Average
3BR
$1,000
$1,550
$0
$550
$1,100
$1,650
$2,200

Value-add, Multi-story-home In Newark is asking 35% less than the average 3 bedroom apartment in Palmyra.

If you downsized to an average priced Palmyra 2 bedroom apartment, you would pay 23% less per month.

Value-add, Multi-story-home In Newark provides 15% more square footage than the average Palmyra 3 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Value-add, Multi-story-home In Newark
3BR $1,000 $0.40 $3,000
Palmyra Average
1BR $1,175 $1.50 $3,525
2BR $1,260 $1.40 $3,779
3BR $1,550 $0.80 $4,650

Availability in Palmyra

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 7 2BR units on the market in Palmyra. If you're looking to negotiate, this may be your best option.

1BR
2BR
3BR
25% 58% 17%
Available Units in Palmyra
1BR 3
2BR 7
3BR 2
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
There are no units with move-in dates in the next 2 months.
What's the square footage of the available units?
It's 2,359 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
Where is this property located?
This property is at 1004 N Main St in Newark, NY. It's 6.8 miles east from the center of Palmyra.
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