1041 Lake Ave - Apartments FOR SALE


Rochester, NY 14613- Edgerton
$795,000 USD
1041 Lake Ave, Rochester, NY for Sale
$795,000 USD
Apartments - FOR SALE
1/30
null | 7.73% Cap Rate

1041 Lake Ave
Rochester, NY 14613
Edgerton


HIGHLIGHTS

  • Vintage building with such charm on a park-like yard with plenty of parking.
  • new heating system with energy efficient controls
  • New Certificate of Occupancy at closing
  • Sits next to a school

OVERVIEW

Another Rockin' Rochester Property! A standout investment opportunity featuring a stately historic brick building with timeless curb appeal and a commanding presence along Lake Avenue. This classic multifamily property showcases the enduring craftsmanship and architectural character that make Rochester’s historic buildings so desirable. Large windows, solid masonry construction, and impressive period details create lasting tenant appeal while adding to the property’s long-term value. Combining historic charm with strong income-producing potential, this is an excellent opportunity to add a distinctive asset to any investment portfolio. ELEVEN units, many rented to long term tenants. 8 one bdrms, 3 studios. Most rented to community organization tenants who guarantee a lease and rent for a year. Newer boiler, and new Certificate of Occupancy at closing! Gross rents of $117,900.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$68 USD /SF

# OF UNITS

11

PRICE/UNIT

$72,273

CAP RATE

7.73%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

14

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

261400-090-750-0001-027-000-0000

ASK ABOUT THIS PROPERTY

Colleen BracciRE/MAX Realty GroupMore Info

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Colleen BracciRE/MAX Realty GroupMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.