865 Lake Avenue
Property Description
Another Rockin' Rochester Property! Attention investors! This solid brick NINETEEN unit apartment building features all 1 bdrm units (rents averaging $1091/mo) and is the definition of a turn-key, cash flowing asset. Comes with a new Certificate of Occupancy at closing. 100% occupied- offering immediate, reliable income from day one. Even better, most tenants rebts are paid through organizations that provide guaranteed rental payments, delivering consistent cash flow and reduced collection concerns. Thoughtfully maintained with numerous efficiency upgrades including all new windows, energy efficient lighting and a boiler equipped with Tekmar controls for improved heating performance and lower operating costs. Hardwood flooring, luxury vinyl plank flooring, plenty of off street parking, kitchens and baths updated. Convenient access to downtown, public transportation, shopping, restaurants, parks, Maplewood Rose Garden and Ontario Beach Park. This one checks all the boxes with strong occupancy, quality improvements and a great rental income with a $248k gross income!
Broker Details
RE/MAX Realty Group (585) 248-0250
MLS ID: 3733 State License Number: 30BR1133356
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,525,000 |
| No. of Units: | 19 |
| Year Built: | 1935 |
| Lot Size: | 17,600.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $80,263 |
| Property Website | Click Here |
| Number of Bedrooms: | 19 |
| Number of Bathrooms: | 0 |
ID: 3yd-BNARNY-R1695874
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