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NOW AVAILABLE!

U of R COLLEGE-TOWN 

INVESTMENT OPPORTUNITY

BASED IN


Rochester, NY

UNITS


24

OFFERED AT


$2.6 Million

Description


Rare Opportunity to Invest minutes from the booming college town in Rochester, NY. Own almost the ENTIRE block! 4 Buildings plus two parking lots that tenants all love! 

Low Maintenance Brick Exterior. Fantastic opportunity to rebrand the whole facility and “add value” by raising rents to market rate.

Other income opportunities include commercial store frontage on the desireable corner of South Ave.

Don’t miss this incredible property!

 

4 Buildings

GREAT LOCATION!

24 Units

1-2 Bedrooms

2 Parking Lots

Connect adjacent streets

Brick Building

Low Maintenance

Updated Units

Ceramic Tile + More

Great Opportunity

Incredible "Add Value" 

Close to the U of R and Strong Hospital

Features & Highlights


Desirable Rentals Close to College Town and Campus


Ideal Location for Medical Students and Professionals


Updated Units, Hardwood Floors, and Ceramic Tile. Clean and Professional


Exterior Brick Construction


Single Location for Hassle Free Management


4 buildings + 2 Parking Lots

  • WE MAKE IT EASY
    Every Step of the way we simplify the process and help you make educated financial decisions
  • QUALITY AND PROFESSIONAL SERVICE
    We are reliable, responsible, and we care. Your satisfaction and loyalty is always important to us
  • OUR TEAM TAKES CARE OF YOU
    Our team is on it! We stay ahead of the transaction and handle all communication every step of the way

CALL JESS (585) 747-3791

If you want to purchase or sell property in the Rochester area, our team can help you navigate your real estate investments to fit your needs. We understand the market and know Rochester like the back of our hand. We provide area information, market updates, on/off market deals to our clients and quality service to help to ensure that you are well taken care of every step of the way. 

CURRENT FINANCIALS

GROSS ANNUAL RENT           $243,360
ANNUAL LAUNDRY                      $4,800
GROSS MONTHLY RENT           $20,280

ANNUAL NET                            $191,002
TAXES                                          $37,288
UTILITIES                                       $2,993
INSURANCE                                $10,129
WATER                                            $3,704
REFUSE                                          $3,044

TOTAL                                           $57,158
PURCHASE PRICE                $2,600,000
PRICE PER UNIT                       $108,000
CAP RATE*                                        10.2%

ANNUAL NET                            $265,342
PURCHASE PRICE                $2,600,000
PRICE PER UNIT                       $108,000
CAP RATE*                                        7.35%

ANNUAL NET                            $191,002

*CAP RATE does not include repairs / maintence or management. Seller currently manages properties "in house" .

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ELEVATE REALTY GROUP

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