Rochester, NY 14613 769 Lake Avenue

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Presented By: Mark J. Palazzo with Rich Realty;
  • MLS# R1610493
  • 05/28/2025
  • Request Tour
  • Request Info
  • Beds • 10
  • SQFT • 7,022

Home Details

Introducing 769 Lake Avenue, an investment opportunity in Rochester, NY. This charming 10-unit brick apartment building is all one-bedroom, one-bath apartments and a new boiler installed in 2023. With a total of 5,286 square feet, this property presents a solid cash flow opportunity with all units currently leased to reliable tenants. The building's Certificate of Occupancy is valid until August 2026. Located in the bustling Edgerton neighborhood with a variety of amenities, this property offers a desirable rental income stream. The well-maintained units generate a total monthly rent of $6,850. With a competitive price per square foot and a healthy Cap Rate, this investment promises a strong return. Benefit from the thriving rental market in Rochester, home to prestigious universities, prominent employers, and a diverse population. Don't miss out on this turnkey investment opportunity at 769 Lake Avenue. Rent Roll and Expense info available own request. Please allow 48 hours to schedule showings. Showings to be weekdays between 10am and 3pm. Proof of funds and proof of financing requested prior to scheduling showings.
Presented By: Mark J. Palazzo with Rich Realty;

Interior Features for 769 Lake Avenue

Bedrooms

Total Bedrooms10

Bathrooms

Main Level Bathrooms0
Total Baths

Other Interior Features

BasementFull, PartiallyFinished
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringOther, SeeRemarks
Heating Y/NYes
Total Fireplaces
Total Stories3

General for 769 Lake Avenue

AppliancesGasWaterHeater, SeeRemarks
CityRochester
Community FeaturesOther, SeeRemarks
Construction MaterialsOther, SeeRemarks
CoolingOther, SeeRemarks
CountyMonroe
DirectionsLake Ave to Lexington
Elementary School DistrictRochester
Garage Spaces0.0
Garage Y/NNo
Gross Income82200.0
HeatingGas, Other, SeeRemarks
High School DistrictRochester
Lot Size Square Feet7661.0
Lot Size UnitsAcres
MLS AreaRochester City-261400
Middle/Junior School DistrictRochester
Net Operating Income59136.0
Number Of Units Total10
Operating Expense11400.0
OwnerPaysOther, SeeRemarks
PossessionCloseOfEscrow
Property ConditionResale
Property Sub Type AdditionalOther
Property SubtypeOther
Property TypeMultiFamily
Rent IncludesOther, SeeRemarks
RoofOther, SeeRemarks
School DistrictRochester
Senior Community Y/NNo
SewerConnected
Standard StatusActive
StatusActive
Stories3
Subdivision NameMc Crackenville
Tax Annual Amount11664.0
Tax Assessed Value315000
Tax Lot15
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesSewerConnected, WaterConnected
Year Built1920
Year Built DetailsExisting

Exterior for 769 Lake Avenue

Building Area Total7022.0
Exterior AmenitiesSeeRemarks
Lot Dimensions62X123
Lot FeaturesIrregularLot, NearPublicTransit
Lot Size Acres0.1759
Lot Size Area0.1759
Parking FeaturesOneSpace, NoGarage
Water SourceConnected, Public
Waterfront Y/NNo

Additional Details

Price History

Mark Siwiec

CEO
Price $429,900
MLS#R1610493
List Date 05/28/2025
Property Type Single Family
Phone
Request Tour
Request Info

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