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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
