8976 State Route 19
About This Property
Located on State Route 19, this property offers a fantastic investment opportunity with plenty of space on 1.8 acres and multiple possibilities for use. The main residence has 1,413 sq. ft. of living area including three bedrooms, one on the first floor and two upstairs. A two-car attached garage connects directly to the kitchen for easy access.
In addition to the main home, the property includes three manufactured homes, each with its own storage shed and separate utility meters. There is also a fourth lot available providing room for future expansion or added income potential.
All of the homes feature metal roofs, and the main house along with two manufactured homes have vinyl replacement windows. The properties have been vacant for a few years and will require some cleanup and repairs, but with vision and updates, this could be a great investment property. The property is serviced by municipal water, an existing survey is included, and all rights convey to the buyer.
Behind the main home, you'll find a large barn with a workshop complete with three-phase electric and a walk-up hay mound perfect for storage, hobbies, or small-scale projects. There is also a second barn that is a tear-down. The property is being sold as-is, including all contents currently on site.
Conveniently located just minutes from Houghton College and quick access to Rushford Lake and the Genesee River.
If you're ready to take on a project with great potential, this is your chance! Don't miss out on this unique opportunity to restore and reimagine this property to fit your needs.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2026 | Sold | ||
| Sold | |||
| Jun 4, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Listed by Landquest Inc. | $134,900 | |
| Listed by Landquest Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017