Property
Pending
Presented By: Mark J. Palazzo with Rich Realty;
Introducing an exciting investment opportunity in Rochester, NY! 5 property package available of 31-units. This package includes one-bedroom and studio units, with some government-assisted tenants and third party pay in place. All units are on leases, ensuring stable income flow. The property gross potential rent is $25,201 per month, offering significant revenue potential. With a favorable cap rate, this investment opportunity is priced attractively at $1,350,000.
The property benefits from transferable or new Certificates of Occupancy, setting the stage for a seamless ownership transition.
Addresses are 1768 and 1780 Saint Paul which are 8 units each; 1751 Saint Paul is 4 units; 1771 is 6 units and 1779 is 5 units. 48 hours notice for showings please. Commercial Bank term sheet or/and POF requested before showings. Rent roll and expense information available on request.
Presented By: Mark J. Palazzo with Rich Realty;
Total Bedrooms30
Main Level Bathrooms0
Total Baths
BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringOther, SeeRemarks
Heating Y/NYes
Total Fireplaces
Total Stories2
AppliancesAppliancesNegotiable, GasWaterHeater
CityRochester
Community FeaturesOther, SeeRemarks
Construction MaterialsBrick, Cedar
CoolingOther, SeeRemarks
CountyMonroe
DirectionsRidge to Saint Paul
Elementary School DistrictRochester
Gross Income302412.0
HeatingGas, Other, SeeRemarks
High School DistrictRochester
LevelsTwo
Lot Size Square Feet18216.0
Lot Size UnitsAcres
MLS AreaRochester City-261400
Middle/Junior School DistrictRochester
Net Operating Income98412.0
Number Of Units Total31
Operating Expense160000.0
OwnerPaysOther, SeeRemarks
PossessionCloseOfEscrow
Property ConditionResale
Property Sub Type AdditionalOther
Property SubtypeOther
Property TypeMultiFamily
Rent IncludesOther, SeeRemarks
RoofAsphalt
School DistrictRochester
Senior Community Y/NNo
SewerConnected
Standard StatusPending
StatusPending
Stories2
Subdivision NameLanding Tr
Tax Annual Amount44000.0
Tax Assessed Value456000
Tax Lot18
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesSewerConnected, WaterConnected
Year Built1970
Year Built DetailsExisting
Building Area Total14198.0
Exterior AmenitiesBlacktopDriveway, SeeRemarks
Lot Dimensions138X132
Lot Size Acres0.4182
Lot Size Area0.4182
Number of Separate Electric Meters0
Parking FeaturesNoDriveway
Road Frontage TypeMainThoroughfare
Water SourceConnected, Public
Waterfront Y/NNo