512 Lyell Ave - Storefront Retail/Residential FOR SALE


Rochester, NY 14606- Lyell-Otis
$399,000 USD
716-325-0202
512 Lyell Ave, Rochester, NY for Sale
$399,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

512 Lyell Ave
Rochester, NY 14606
Lyell-Otis


HIGHLIGHTS

  • Great investment opportunity.
  • Billboard brings $1,500 in monthly income.
  • Great location with apartments rented.

OVERVIEW

Once in a lifetime opportunity! 5,500+ SF brick building consisting of 4 apartments on the 2nd floor and STUDIO IN the first floor was previously used as a fully operational laundromat. All laundromat equipment is included! Building is in excellent condition with many functional upgrades such as newer electric service and newer tank-less hot water heaters, making the utility costs surprisingly low for the potential laundromat business. 4 apartments consist of 3 - 1 bedroom units RENT $700 and 1 - 2 bedroom unit RENT $900.STUDIO RENT $650 New C of O from 2023. You wont find a better opportunity to own a true CASH COW! BUILDING TOTAL MONTHLY RENT $3650 WITH VACANT COMMERCILA SPACE THAT WAS RENTED FOR $1200 AND BILLBOARD BRINGS $1500 A YEAR

FOR SALE DETAILS

PRICE

$399,000 USD

PRICE/SF

$71 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

C-1 Neighborhood Center

APN/PARCEL ID

261400-105-650-0001-056-000-0000

ASK ABOUT THIS PROPERTY

Gameel OmarCENTURY 21 Turner BrokersMore Info
716-325-0202

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Gameel OmarCENTURY 21 Turner BrokersMore Info
716-325-0202

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