Rich Realty Rochester NY

MLS Property Details

346 Flower City Park , Rochester, NY 14615 (Map)

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Type Commercial/Investment
MLS R1445675
List Price $399,000
Located in Rochester, Monroe County
Taxes $10,289

Presently Zoned
Exterior Construction Brick,Wood Siding
Exterior Features Blacktop Driveway, Concrete Driveway, Gravel Driveway

Additional Comments: This one cash flows! This is an 8 unit apartment building with nearly all of the apartments remodeled at turnover. Hardwood floors, paint, etc, there is a brand new tear off roof in 2016, the boiler is less than 10 years old, and all apartments are individually controlled. Apartments have always been rented with no issues with vacancies, we have intentionally left 3 of the units vacant for showings, and flexibility for any buyer. There is a ton of storage on site with a huge locked basement with no tenant access. There are also two vacated studio apartments on the 3rd floor that with some effort could be put back together again (with city permitting). There is also a small garage in the back that is empty giving further opportunity to rent it out to a tenant or separately. Off-street parking for 6+ cars as well. There is so much opportunity here with $6,175 a month in Gross Rent equalling over $74,000.00 a year when fully rented. Delayed showings until 11/18 from 3 to 5, and Monday 11/21 from 3 to 5. Additional showings could be canceled dependent on the strength of any offer submitted. Annual expenses are Lawn $550, Snow $600, RG&E (Heat) $5800, Garbage $3318, Water $1500 - $2000.

Listing Courtesy of G & M Properties

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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.


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