512-514 Lake Ave - Apartments FOR SALE


Rochester, NY 14613- Edgerton
$1,345,000 USD
315-439-4816
512-514 Lake Ave, Rochester, NY for Sale
$1,345,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

512-514 Lake Ave
Rochester, NY 14613
Edgerton


HIGHLIGHTS

  • Location is close to many retailers, employers, and restaurants
  • Over $90,000 in recent capital improvements
  • Recently upgraded roofs, boiler and hot water tank
  • Seller is looking for offers!
  • Tenants pay for cooking gas and electric. Property pays for heat, water and sewer
  • Unit SF are approximate

OVERVIEW

26 apartment units one mile from downtown Rochester, NY with views above the Genesee River. Tenants can walk to retailers and local and national restaurants. Over $90,000 in recent capital improvements including roofs, an updated boiler and a new hot water tank. Some rents are under market and the current owner is not having problems renting turnovers at market rents. Price reduced on 7/4/25 to $51,730/unit.

FOR SALE DETAILS

PRICE

$1,345,000 USD

PRICE/SF

$88 USD /SF

# OF UNITS

26

PRICE/UNIT

$51,731

CAP RATE

Request Cap Rate

% LEASED

81%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1900

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

R-3

APN/PARCEL ID

261400 105.44-1-31.001,261400-105-440-0001-001-000-0000

ASK ABOUT THIS PROPERTY

Christine O'Connell MoreO'Connell More Consulting & Real EstateMore Info
315-439-4816

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Christine O'Connell MoreO'Connell More Consulting & Real EstateMore Info
315-439-4816

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