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    431 Lake Avenue

    Rochester, NY 14608
    • $1,375,000
    • STATUS: Active
    • ON SITE: 91 days
    • MLS #: R1310773
    UPDATED: 158 min ago
    $1,375,000
    • 0
      BEDS
    • 1.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 35,774
      SQFT
    • $38
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    School District:

    Description

    Turnkey 37 Unit Residential Rental PORTFOLIO in Rochester NY. This is your chance to invest in a fully operational investment portfolio. Professionally managed, 9 apartment homes with 37 total units earn $272,640 gross yearly income and clear $162,950 Net Operating Income. The portfolio offers a 11.85% cap rate and is 100% occupied. Each unit has its own gas and electric meters, water heater and furnace with 33 new furnaces and 16 water heaters installed since 2016. Many other updates since 2016 include roofing, vinyl windows, bathroom remodels and other interior and exterior improvements. Many detailed reports, photos, videos and other information at buyers request.

    Monthly Payment Calculator

    ©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Avant Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Avant Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-03-09T00:13:43.98.
    www.avantrealty.com/homes/112446086
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    431 Lake Avenue Rochester, NY 14608

    • Price: $1,375,000
    • Status: Active
    • Updated: 158 min ago
    • MLS #: R1310773
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1.26
    Acres
    35,774
    SQFT
    $38
    $/SQFT
    Neighborhood:
    Edgerton
    County:
    Monroe
    Area:
    Rochester City-261400
    School District:
    Rochester
    Property Description
    Turnkey 37 Unit Residential Rental PORTFOLIO in Rochester NY. This is your chance to invest in a fully operational investment portfolio. Professionally managed, 9 apartment homes with 37 total units earn $272,640 gross yearly income and clear $162,950 Net Operating Income. The portfolio offers a 11.85% cap rate and is 100% occupied. Each unit has its own gas and electric meters, water heater and furnace with 33 new furnaces and 16 water heaters installed since 2016. Many other updates since 2016 include roofing, vinyl windows, bathroom remodels and other interior and exterior improvements. Many detailed reports, photos, videos and other information at buyers request.
    Exterior Features

    Construction Materials Frame Parking Total 20 Roof AsphaltFlat Waterfront YN No

    Interior Features

    Basement Full Fireplace YN No Fireplaces Total 0 Flooring CarpetHardwoodLinoleumOtherSee RemarksVariesVinyl Heating ElectricGasBaseboardForced Air Heating YN Yes Levels Two

    Property Features

    Accessibility Features Accessibility FeaturesLow Threshold ShowerAccessible Doors Documents Available OtherProfit/Loss StatementSee Remarks Gross Income 270696 Inclusions Land And Building Lease Considered YN No Listing Terms Cash Possession Close Of Escrow Possible Use Residential Property Sub Type Apartment Special Listing Conditions Standard Tax Annual Amount 41656 Zoning Apartment Zoning Description Other - See Remarks

    Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Phillip S Crispino of Howard Hanna.
    ©2021 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Avant Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Avant Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-03-09T00:13:43.98.
     
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