Turnkey 37 Unit Residential Rental PORTFOLIO in Rochester NY. This is your chance to invest in a fully operational investment portfolio. Professionally managed, 9 apartment homes with 37 total units earn $270,696 gross yearly income and clear $165,066 Net Operating Income. The portfolio offers a 10.32% cap rate and is 100% occupied. Each unit has its own gas and electric meters, water heater and furnace with 33 new furnaces and 16 water heaters installed since 2016. Many other updates since 2016 include roofing, vinyl windows, bathroom remodels and other interior and exterior improvements. Many detailed reports, photos, videos and other information at buyer's request.
Off market
Price Unknown
431 Lake Ave, Rochester, NY 14608
0beds
0baths
35,774sqft
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$1,511 Estimated rent
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What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Heating
- Electric, Gas
Features
- Flooring: Tile, Carpet, Hardwood, Laminate, Linoleum / Vinyl
Interior area
- Total interior livable area: 35,774 sqft
Property
Features
- Exterior features: Stucco, Vinyl, Brick, Composition
Lot
- Size: 1.26 Acres
Details
- Parcel number: 261400-105-440-0001-016-000-0000
Construction
Type & style
- Home type: Apartment
Materials
- Roof: Asphalt
Community & neighborhood
Location
- Region: Rochester
Other
Other facts
- Amenities Included: No Amenities
- Basement Description: Full
- Floor Description: Hardwood-Some, Resilient-Some, Tile-Some, Vinyl-Some, Wall To Wall Carpet-Some, Ceramic-Some, Laminate-Some
- Garage Spacesper Apt: No Garage Spaces
- Heating Fuel Description: Gas, Electric
- HVAC Type: Forced Air, Baseboard
- Listing Type: Exclusive Right To Sell
- Operating Expenses Include: Property Management, Insurance, Refuse, Water / Sewer, Other - See Remarks, Snow Plow, Exterior Maintenance
- Rent Includes: Refuse Removal, Snow Removal, Water, Grounds Maintenance
- Roof Description: Asphalt, Flat
- Sewer Description: Sewer Connected
- Status: A-Active
- Type: Other - See Remarks
- Typeof Sale: Normal
- Village: Not Applicable
- Water Heater Fuel: Gas
- Year Built Description: Existing
- Driveway Description: Blacktop, Stone/Gravel
- Exterior Construction: Vinyl, Brick, Composition, Aluminum/Steel, Stucco
- Lot Information: Primary Road, Neighborhood Street, Secondary Road
- Separate Utilities: Electricity, Heat, Gas
- Parking Spacesper Apt: 1 Space
- Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Pex Plumbing- Some
- Kitchen Equip Appl Included: Other - See Remarks
- Area NYSWIS Code: Rochester City-261400
- Water Resources: Public Connected
- Accessibility: 32 Inch Doors - some, Accessible/ANSI - some, No Step Shower, Handicap Doors - Some
- Numof 2 Bedroom Apartment: 10
- Parcel Number: 261400-105-440-0001-016-000-0000