201 Lake Avenue
Property Description
Another Rockin' Rochester Property! Must be sold with 189 -199 Lake, MLS #R1712924 This well-maintained multi-unit brick building offers a strong mix of apartments and recent updates, making it an excellent investment opportunity. A newer boiler installed in 2023 ensures efficient heating, while the 15-year-old roof provides peace of mind for years to come. Residents enjoy the convenience of an on-site, coin-operated laundry. The property features a thoughtful unit layout across three floors. The third floor includes three one-bedroom apartments, two located in the rear and one in the front. The second floor offers four spacious one-bedroom units along with a studio apartment. On the first floor, you'll find two one-bedroom apartments-one with an inviting open front porch and another with a charming side porch- plus an additional studio unit. Units 1-8 pay cooking gas only (LL pays heat & electric). Units 9-11 pay their own gas and electric. With a balanced mix of one-bedroom and studio apartments, along with valuable updates and tenant-friendly amenities, this property could make a solid long-term addition to any investment portfolio. Seller may consider finance with 50% down, 8% interest, 30 year term, balloon in 5 years. This is a duplicate listing as commercial/industrial R1718719.
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: | $800,000 |
| No. of Units: | 11 |
| Year Built: | 1930 |
| Lot Size: | 8,167.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $72,727 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 0 |
ID: 3yd-BNARNY-R1712947
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