23 Ontario St - Apartments FOR SALE


Honeoye Falls, NY 14472
$1,450,000 USD
585-389-1041
23 Ontario St, Honeoye Falls, NY for Sale
$1,450,000 USD
Apartments - FOR SALE
1/25
null | 9.59% Cap Rate

23 Ontario St
Honeoye Falls, NY 14472


HIGHLIGHTS

  • Historic Main House on 6.1 Acres w Med.Office and 6 Ap'ts
  • Village Location

OVERVIEW

One of a kind Investment Opportunity-Original House is Circa 1838 and is a 4800 SF Historical and Architectural masterpiece in the Main Brick structure. In its 185 yr. history, it was home to a Hospital, Restaurant and Dr.'s Offices. Over the past 50 yrs. it has been the residence of the Doctor's that ran the Family Medicine Practice that now is connected to the back of the original house. This Medical Practice is now home to RRH Family Medicine housed in 4,500 SF. There are 6 Apartments also connected to the back of the original structure and a 2 Story Barn w 3 Drive in Bays with additional at grade storage and a full 2nd floor. There are 60 parking spaces. All of this on 6.1 Acres bordering Honeoye Creek. A tremendous opportunity right in the Village of Honeoye Falls. Currently the Main House is Owner-Occupied-we are projecting the Rent at $3,000/mo. in the Operating Income. Gross Rent is $225,932.76/yr. OPEX is $89,000/yr. NOI is $136,932.76 Interested Parties will have to sign an NDA prior to tour and reviewing Offering Package.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

9.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1838

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.3 AC

LAND SF

274,485 SF

ZONING

-

APN/PARCEL ID

263601-228-120-0002-002-000

ASK ABOUT THIS PROPERTY

Terence ShannonRE/MAX 1st CommercialMore Info
585-389-1041

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Terence ShannonRE/MAX 1st CommercialMore Info
585-389-1041

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