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Wholesale 7 Unit Apt. Bldg

add to favorites Rooms 8 Bedrooms  

220

$ 67,200 Annual Rent
Bedrooms: 8
Bathrooms: 8
Property Size: 0 ft2
Lot Size: 0 ft2
Property type:
Zip Code: 14619
Stories number: 1
Property ID:
Property Status: SOLD

Property Features

Excellent High Demand Investment Area

This 7 Unit Mixed Use apartment building needs full rehab but is VERY STRUCTURALLY SOUND.   It has an all Maintenance Free Brick Exterior and a Solid Foundation. There are 5 apartments and 2 store fronts.

Rehab required is as follows:

  • New Elect,
  • Plumbing,
  • New Furnaces,
  • New Roof,
  • New Walls,
  • New Flooring (ceramic, vinyl and carpet),
  • New Kitchens,
  • New Baths,
  • New Paint,
  • New Lighting Throughout.

   

Purchase Price is in Addition to Buyer assumption of back Taxes.
Which Total  Approx. $27k

Cash Flow is Excellent expected to be getting minimum $5,600+ Gross per month rents or $67,200 per year. Owner currently has a list of interested tenants for storefronts and apartments.

Property is on a high traffic Street and Corner providing very high demand for the commercial space below.

The apartment can be easily converted and used as professional office spaces creating a higher cash flow with a more stable tenant base.

This Building is only a 5 minute drive to The University of Rochester and a 5 Minute walk from the 19th Ward Neighborhood District.

This Building is also a 5 minute drive to downtown Rochester which features Sahlen’s Soccer Stadium home of the Professional Sports Clubs:

and…

Frontier Field – http://frontierfield.org/

Home of the Minor League Baseball team “Rochester Redwings”. These two stadiums attract 100’s of thousands of fans & 10’s of Millions of Dollars in revenue on an annual basis. Rochester is planning to upgrade a number of the surrounding neighborhoods due to the high levels of revenue that the venues and the teams bring in for the city and county yearly.

.

This is expected to raise values and market rent for the area.

Purchase Price is in Addition to Buyer Assumption of back Taxes. Which Total  Approx. $27k

We will accept purchase offers to include cash, and owner finance scenarios. All owner finance buyers must be willing to put down a minimum of $9,997 Good Faith Deposit With Application.

This Property Is A Great Investment In an Up & Coming Prime Neighborhood!

WE WILL PROVIDE YOU OWNER FINANCING

WITH A NON-CREDIT BASED APPROVAL!!

  **The neighborhood is Rated a 7 (on a scale of 1-10, with 1 being worst and 10 Being Best).6, 7 & 8 neighborhoods are all neat, will provide you easy rent-ability, top market rent and great atmospheres for your tenants.

More Info

Address: 362-366 ARNET BLVD, ROCHESTER, NY
City:
State/County:
Zip: 14619
Country: United States
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Property Id : 19189
Price: $ 67,200 Annual Rent
Bedrooms: 8
Bathrooms: 8
Structure Type: Brick
Floors No: 1

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