Rich Realty Rochester NY

MLS Property Details

55 Bennington Drive , Rochester, NY 14616 (Map)

Type Apartments
MLS R1166170
List Price $1,750,000
Located in Rochester, Monroe County
Taxes $45,097

School District: Rochester
Apartments 24
Sq. Ft. 17976
Exterior Construction Brick
Year Built 1969
Floors Ceramic-Some, Vinyl-Some, Wall To Wall Carpet-Some
Appliances Included Other - See Remarks

Additional Comments: Current owners have owned the property for two years, in which they have leased up and stabilized the asset, leaving a prospective buyer with considerable upside in net operating income from completing the current owners renovation schedule (bringing rents up to market rent) and normalizing expenses over the short term. Rents are steadily being increased as units turn over with no sign of market resistance even above $1100 for renovated units. Normalizing insurance, landscaping, snow removal, refuse removal, and utility expenses also present great opportunities to push Net Operating Income without capital intensive projects. Another consideration for capturing value is sub-metering for water/sewer at the subject property which is commonplace in the MSA among town home communities.

Listing Courtesy of ROC Real Capital, LLC

Request More Information

We would be happy to provide more detail or show you this property. Please contact us by phone at 585-259-4050, email us, or use the form below to submit your request.


  The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS's. Real estate listings held by firms other than Rich Realty, are marked with the IDX logo and detailed information about them includes the Listing Broker's Firm Name.

Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Rich Realty shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2015 CNYIS, GENRIS, WNYREIS. All rights reserved. Listings updated daily.

IDX/MLS programming for Rich Realty provided by The Gain Company