BEDS7
BATHS4 full 1 partial
SQUARE FEET2,784
MLS#R1687111
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONWilliams Tr
SCHOOLRochester
Property Description
Turnkey investment opportunity with a decade-long track record of zero vacancy. Currently rented as a combined unit at $3,850/month. $46,200 gross annual revenue with operating expenses of approximately $11,910/year and an NOI of $34,290, delivering a 9.8% cap rate at the $349,900 list price. New 12-month lease commences July 1st. Income begins immediately. Major capital improvements already completed: all-new electrical service, meters, riser, and panels (2022); high-efficiency furnace - Downstairs Unit (2022); two new water heaters (2023); all-new exterior doors (2022); multiple new windows (2022). Reliable boiler in place - Upstairs Unit. Maintenance-free vinyl siding exterior. Parking for 10+ vehicles. Additional third-floor space offers expansion potential and development upside. Current owner has operated this property with zero lost rent for over ten years. The systems are sound, the tenants are stable, and the income is real. No Delayed Negotiations.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Fireplaces: 2
Heating: Gas, Forced Air, Radiator(s)
Lot Size: 0.17 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $9,120
Year Built: 1920
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 1
Exterior: Vinyl Siding
Flooring: Carpet, Hardwood, Varies, Vinyl
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 41X181
Parcel#: 261400-121-560-0002-003-000-0000
Parking: Two or More Spaces
Parking Notes: Two or More Spaces
Patio/Porch: Covered, Porch
Sewer: Connected
Units: 2
Utilities: Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Rochester
Listed By / Shown By
Listing By
Agency Name: Canalside Realty LLC
Agency Phone: 585-314-7203
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 1,640.78 per month $778.73 Principal & Interest $760.00 Property Tax $102.05 Homeowner's InsuranceChange Payment Information
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75 Alexander Street | MLS# R1687111
This multi-family property located at 75 Alexander Street, Rochester, NY 14620 is currently listed for sale with an asking price of $349,900. Alexander Street is located within the Rochester school district. Search Rochester real estate on www.coldwellbankerchoice.com today.