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OFFER PENDING

56 UNIT INVESTMENT OPPORTUNITY 

BASED IN


Rochester, NY

56 APARTMENTS


1+2 Bedrooms

OFFERED AT


$3.1 Million

Description


Very Rare Garden Style Apartment Complex with a courtyard located on the Rochester/Greece Border.

Low Maintenance Brick Exteriors. Fantastic opportunity to rebrand the whole facility and “add value” by raising rents to market rate.

Other income opportunities include upgrading the laundry and adding vending machines, etc.

Don’t miss this incredible property!

Optional single family home currently used as property office across the street from rental complex.

 

5 Buildings

2 Tax ID's

56 Units

1-2 Bedrooms

Open Court Yard

Extra Parking

Brick Buildings

Low Maintenance

Updated Units

Ceramic Tile + More

Great Opportunity

Incredible "Add Value" 

Features & Highlights


Garden Style Apartment Complex with Courtyard.


Upgraded Interiors


Newer Windows, Boilers, Water Heaters, Laundry


Exterior Brick Construction


All Pitched Roofs with Architectural Shingles


5 buildings - 2 Tax ID’s, Optional Office Building

  • WE MAKE IT EASY
    Every Step of the way we simplify the process and help you make educated financial decisions
  • QUALITY AND PROFESSIONAL SERVICE
    We are reliable, responsible, and we care. Your satisfaction and loyalty is always important to us
  • OUR TEAM TAKES CARE OF YOU
    Our team is on it! We stay ahead of the transaction and handle all communication every step of the way

CALL JESS (585) 747-3791

If you want to purchase or sell property in the Rochester area, our team can help you navigate your real estate investments to fit your needs. We understand the market and know Rochester like the back of our hand. We provide area information, market updates, on/off market deals to our clients and quality service to help to ensure that you are well taken care of every step of the way. 

CURRENT FINANCIALS

GROSS ANNUAL RENT           $464,400
LAUNDRY                                       TBD
GROSS MONTHLY RENT           $38,700

ANNUAL NET                            $291,781
TAXES                                        $101,557
UTILITIES                                     $39,189
INSURANCE                                $17,800
WATER                                            $8,073
GARBAGE                                       $6,000

TOTAL                                        $172,619
PURCHASE PRICE                $3,100,000
PRICE PER UNIT                         $55,000
CAP RATE*                                          9.4%

ANNUAL NET                            $291,781
PURCHASE PRICE                $3,100,000
PRICE PER UNIT                         $55,000
CAP RATE*                                       12.4%

ANNUAL NET                            $385,000

*CAP RATE does not include maintence or management.

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