|
|
|
|
|
|
Exclusive Listings
|
---BACK ON THE MARKET----4-family apartment building
apartment building with excellent cash flow- honest 14 cap
|
|
-----SOLD----10 unit apartment building and 2 Retail stores
-----SOLD----Close to University of Rochester - money maker
|
|
|
| ADDRESS |
758-762 Genesee Street
Rochester, NY 14618
|
PRICE
$288,000 |
PRIMARY USE
-----SOLD----MIXED USE - multi-family apartment building, and retail storefronts |
|
|
More Images »
Click For More Details »
|
----SOLD---- 12 unit apartment building - 100% occupied with $20,400 NOI
Excellent cash flow - Excellent mechanicals - all brick - new windows and doors
|
|
|
| ADDRESS |
49 Pullman Ave
Rochester, NY 14615
|
PRICE
$209,500 |
PRIMARY USE
----SOLD----multi-family apartment building |
|
|
PROPERTY DETAILS
----SOLD----This is a 12 unit ulti family building in the north-western part of Rochester, NY. This is a 2-story, brick building in excellent condition. 12 apartments are neat 1-bedroom units. These apartments all have beautiful hardwood floors, tile bathrooms, working appliances. This is a "turn key" property that makes money. Building is located in a decent area of Rochester, very close to Kodak park and Ridge Road/Rt. 104.
Property management options are available, and ready to assume duty upon transfer of property. Each of the 12- one bedroom apartments get up to $395 each/month. Some of the long-term tenants are paying below-market rent.
|
FINANCIAL CALCULATIONS
----SOLD----Included in the NOI calculations is 7% vacancy loss, $2640 for insurance. Also $225 per apartment per year for maintenance. 8% managemnt fees has been deducted. Also utilities, water, trash, and taxes have been deducted from the mix. Financial calculations are not inflated for sales purposes - true operating costs are researched and figured into the formula.
|
NET INCOME
$20,378
|
AREA DETAILS
This is in the northern fringe of the city of Rochester across from Kodak Park The street is very nice, low traffic, only 1 block away from Rt. 104, Ridge Road- one of Rochesters main transportation routes. Right on the bus line. Quiet tree-lined street is safe, and a very good area to rent. On the fringe of the city, where property values remain modest and high rental return is attainable.
|
YEAR BUILT
1920
|
CAP RATE
10
|
MORE DETAILS
New heating system controls (2006)
Resurface hardwood floors (2006)
New Windows throughout (2006)
New Commercial exterior doors, steel insulated (2006)
|
LINK TO PROPERTY
----SOLD----
|
More Images »
Click To Hide Details »
|
|
3 Record Found. Showing Results 1 to 3.
|
|
|
|
