1342 Dewey Ave - Apartments FOR SALE


Rochester, NY 14613- Edgerton
$399,900 USD
585-259-4050
1342 Dewey Ave, Rochester, NY for Sale
$399,900 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

1342 Dewey Ave
Rochester, NY 14613
Edgerton


OVERVIEW

1342 Dewey Avenue presents a compelling value-add multifamily investment. This 10-unit asset includes 8 one-bedroom apartments and 2 basement studio units, with much of the heavy lifting already completed. Renovations still need to be completed. Steam boiler installed in 2010. Separate electric and cooking gas, while heat and hot water are included. A security camera system is also in place. Additional upside remains through completion of remaining renovations. The sale also includes 1346 Dewey Avenue, a separate parcel currently used as a parking lot with an existing garage that will have to be demolished. The Certificate of Occupancy transfers to the new owner and is valid through November 2027. Sale is "AS IS". Finish the renovations. Rent it up. Collect income.

FOR SALE DETAILS

PRICE

$399,900 USD

PRICE/SF

$74 USD /SF

# OF UNITS

6

PRICE/UNIT

$66,650

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,991 SF

ZONING

-

APN/PARCEL ID

261400-090-500-0003-056-000-0000

ASK ABOUT THIS PROPERTY

Mark PalazzoRich RealtyMore Info
585-259-4050

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Mark PalazzoRich RealtyMore Info
585-259-4050

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