16 HAMPTON Street

About this home.

Opportunity Awaits! Legal dwelling conversion to 3 units (triplex) overlooking downtown Elmira! Don't miss this charming century-old home offering strong income potential. Two separate 1BR/1BA apartments plus a primary unit provide flexibility to live in one and rent the others, or rent all three for estimated gross income of at least $5,000/month. Features of the home include a large welcoming front porch and upper balcony, updated eat-in kitchen with white cabinetry and granite counters, formal dining room, living room, office/den, original wood floors and natural wood staircase. Three spacious bedrooms, two full bathrooms, walk-up attic space oozing with potential, and a large finished rec room with gas fireplace. Property features an addition to the back of the home where you'll find an attached oversized deep garage and 2 separate apartments with their own storage space and separate entrances; Apartment unit 1 was fully renovated in 2022 and vacant as of May 1 allowing you to pick your own tenant; second unit rented month-to-month with long-term tenant. Outside provides ample parking, private partially fenced yard with interlocking patio and storage shed. Mechanical upgrades: furnace and central air replaced in 2019, owned water heater 2025. This one is a must see! Book your showing today and start earning where you live tomorrow. (id:59491)

The full record.

How this listing prices against Elmira.

Elmira accounted for most of Woolwich's recent activity, with 21 of the city's 29 sales and 26 active listings. At an average price of $807,195, it traded below the city average, but homes moved faster, at 15.3 days on market, and sold closer to asking, at 98.01 percent of list, which points to a firmer pace here than the broader Woolwich market. Freeholds made up nearly all of the activity, but the two condo sales show there is still some lower-maintenance demand in the area. Right now, Elmira looks like the busiest and most competitive part of Woolwich.

Estimate the monthly carry.