15 Unit Park Avenue Package in Rochester, NY 14607! This prime mixed-use property includes three contiguous buildings with a total of 15 units. All with a strong rental history and cash-paying tenants. This investment opportunity presents a rent roll of over $184,000 annually. Situated in the highly sought-after Park Avenue neighborhood, the buildings have undergone extensive renovations between 2021-2024. The package features separate utilities for two buildings and off-street parking with eight spaces, including a two-car garage. The property projects a net operating income of $117,905 and a cap rate of 9.1 (assuming 5% for vacancy, 5% for repair assumption and 10% for management). P and L and rent roll available on request. 48 hours notice, proof of funds and a bank term sheet requested to schedule showings.
a week ago | Price changed to $1,295,000 | |
a week ago | Listing updated with changes from the MLS® | |
a month ago | Listing first seen on site |
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Data last updated: November 15, 202212:27pm
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