511-515 Dewey Ave - Apartments FOR SALE


Rochester, NY 14613- Edgerton
$279,900 USD
585-758-8392
511-515 Dewey Ave, Rochester, NY for Sale
$279,900 USD
Apartments - FOR SALE
1/22
null | 19% Cap Rate

511-515 Dewey Ave
Rochester, NY 14613
Edgerton


HIGHLIGHTS

  • Separate utilities.
  • New Certificate of Occupancy
  • 6 Residential Units, Fully Rented
  • Plenty of off street parking
  • Recently renovated

OVERVIEW

Turnkey 8-unit mixed-use building is ready to make you rich! 6 apartments and 2 store fronts, all ready to cash flow. Fully renovated and a new Certificate of Occupancy will be provided at closing. 6 apartments are currently rented and generating $5,250 gross monthly income, $63k annually! Residential units consist of 4 - 1 bedroom apartments and 2 - 2 bedroom apartments. There are also 2 vacant store fronts ready to be rented for additional income. Separate utilities throughout, including house meters for electric and gas. High demand location, bordering Maplewood, Edgerton and Lyell-Otis neighborhoods. Don't miss out on this investment opportunity of a lifetime!

FOR SALE DETAILS

PRICE

$279,900 USD

PRICE/SF

$31 USD /SF

# OF UNITS

6

PRICE/UNIT

$46,650

CAP RATE

19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Commercial/Multi-Use

APN/PARCEL ID

261400 105.34-3-70.001

ASK ABOUT THIS PROPERTY

Jason MancusoKeller Williams Realty Greater RochesterMore Info
585-758-8392

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Jason MancusoKeller Williams Realty Greater RochesterMore Info
585-758-8392

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