13 property Multi-family portfolio FOR SALE


Rochester, NY - Outer Irondequoit
$1,700,000 USD
845-216-9331
, Rochester, NY for Sale
$1,700,000 USD
FOR SALE
1/11
null | 13.4% Cap Rate

13 property Multi-family portfolio
Rochester, NY
Outer Irondequoit


HIGHLIGHTS

  • Strategic Location: Primarily clustered in high-demand rental areas such as 14621, Marketview Heights, and Mayor's Heights
  • Financial Performance: Currently grossing $351,960 annually, the portfolio boasts an impressive 11.68% cap rate
  • Value-Add Opportunity: With many rents currently below market rates, there's significant potential for increased revenue - up to $405,000 annually
  • Stellar Management: Owners have maintained vacancies below 3% through hands-on management. All properties have transferable Certificate of Occupancy.
  • Solid Foundation: The portfolio is fully occupied by long-term, rent-current tenants, providing a stable foundation for future growth and ROI

OVERVIEW

This portfolio features 13 well-maintained properties with 28 units: 11 duplexes and 2 triplexes, located in 14621, Marketview Heights, and Mayor's Heights—all high-demand rental areas with growth potential. Gross Annual Income: $351,060 Unit Breakdown: 28 units (11 duplexes and 2 triplexes) Tenant Stability: Strong rent-roll with primarily long-term tenants ensuring dependable income. Owner & Property Upgrades: Owned and maintained by a general contractor, these properties have undergone significant capital improvements, with over $165,000 invested in the past few years. Key upgrades include: Vinyl windows in most properties New water heaters in nearly all units Newer furnaces in many properties New carpets in many units Recent renovations across multiple properties Value-Add Opportunity: Many rents remain below market rates, offering potential for increased income through rent adjustments and continued upgrades. This 12% cap rate portfolio presents a solid investment for those seeking a combination of stable cash flow, low-maintenance properties, and long-term growth.

ASK ABOUT THIS PROPERTY

Sherry SolomonHUNT Real EstateMore Info
845-216-9331

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Sherry SolomonHUNT Real EstateMore Info
845-216-9331

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