189 Lake Ave - Apartments FOR SALE


Rochester, NY 14608- Brown Square
$1,500,000 USD
189 Lake Ave, Rochester, NY for Sale
$1,500,000 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

189 Lake Ave
Rochester, NY 14608
Brown Square


OVERVIEW

Another Rockin' Rochester Property! This well-maintained brick building features 26 units, including 15 studios and 11 one-bedroom apartments. Of these, 23 units have private bathrooms, while 3 units share 2 bathrooms and a shower across the hall. Currently, 7 units are vacant, but applicants are ready to move in once make-ready is complete. The building has been cared for with recent updates, including a silver-sealed roof (4 years ago) and replacement windows in most units. Surveillance cameras are installed and monitored by management, and mailboxes are conveniently located in the front foyer. All building materials in storage will transfer with the property (tools excluded). Parking and dumpster service are are shared with building 201-205, providing additional convenience for tenants. Seller may consider financing with 50% down, 8% interest over 30 yrs with balloon in five years.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$81 USD /SF

# OF UNITS

21

PRICE/UNIT

$71,429

CAP RATE

Request Cap Rate

% LEASED

71%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1935

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

-

APN/PARCEL ID

261400-105-590-0002-039-000-0000,261400-105-600-0001-010-000-0000

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.