Acquired April 2026 with a new roof installed and a renovate-and-refinance plan underway.
415 S Main St is a characterful four-unit multifamily in downtown Geneva, NY — acquired in April 2026 for $285,000 as a value-add and refinance play in one of the Finger Lakes' most established rental markets.
The building generates income across four units with a healthy mix of market-rate and government-backed (Section 8) tenancy, providing stable, diversified cash flow. Gross potential rent runs roughly $3,905/month — about $46,900/year — at full occupancy.
The value-add plan is already in motion: a new roof was installed in 2026, with further interior renovation and repositioning designed to lift rents and support a refinance that recycles invested capital into the next acquisition.
A diversified 4-unit rent roll insulates cash flow from any single vacancy.
Walkable South Main Street location in an established Finger Lakes rental market.
Government-backed tenancy in the mix adds reliable, on-time income.
New roof installed in 2026 with interior renovation and rent upside to follow.
Reposition and refinance to recycle capital into the next deal.
Steady rental demand anchored by Hobart and William Smith Colleges.
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