412 Melville St, Rochester, NY 14609

Whopping 11.78 Cap Rate. All Major Updates have been completed including 2 New Furnaces (2yr old) and 2 New Water Heaters (1yr. & 2yr. old), vinyl siding, vinyl windows, Roof’s half-life. Separate Utilities, 2 Washer/ Hookups, Split Basement. Owner only pays water/sewer and trash. 412 Rents for 850 and was recently updated. 414 Rents for 650 has not been updated and tenant handles the lawncare. Annual Operating Income $17,400. Operating Expenses $2,221. Total Taxes $3,112. Net Operating Income $11,967. Gives you a massive cap of nearly 12%.