312 Lake Ave - Apartments FOR SALE


Rochester, NY 14608- Brown Square
$1,900,000 USD
312 Lake Ave, Rochester, NY for Sale
$1,900,000 USD
Apartments - FOR SALE
1/29
null | 9.65% Cap Rate

312 Lake Ave
Rochester, NY 14608
Brown Square


HIGHLIGHTS

  • High Gross Income. Always rented.
  • Well maintained and recently rehabbed solid brick building.
  • On public transportation line.

OVERVIEW

Another Rockin' Rochester Property! Annual Gross Income of $288,552! Solid brick building with new C of O at closing! 16 studios, 9 one bedrooms. Most units rented to community organization tenants who require all utilities be included in rent AND who GUARANTEE the rent! Five of the units pay cooking gas and electric. This is a solid brick building in great shape with all units rehabbed, 122 new replacement windows, energy efficient lighting and boiler controls, torch down roof, off street parking. Do NOT walk property without appointment with listing agent. Edgerton offers a variety of housing options, including duplexes, townhouses, single detached homes, and large apartment buildings. The neighborhood features an abundance of green spaces like Edgerton Park, providing peaceful and accessible spots for outdoor activities. A number of supermarkets, restaurants, and coffee shops are conveniently located throughout the area.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$138 USD /SF

# OF UNITS

25

PRICE/UNIT

$76,000

CAP RATE

9.65%

% 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

1920

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

C-3

APN/PARCEL ID

261400-105-520-0001-022-000-0000

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.