50 Saratoga Avenue Rochester NY 14608 MLS #R1653767

Turnkey 4-unit investment opportunity in the City of Rochester! Located at 50 Saratoga Ave, this fully vacant property lets you set your own rental rates and place your ideal tenants right from day one. The building offers a versatile mix of (1) 1-bedroom, (2) 2-bedroom, and (1) 3-bedroom apartments, giving you flexibility and strong rent potential. ALL THE BIG TICKET ITEMS HAVE BEEN TAKEN CARE OF – new roof (2025), aluminum gutters (2025), new vinyl replacement windows (2024), full exterior vinyl siding & paint job (2024), new exterior doors (2024) – giving you peace of mind for years to come.
Each unit features fresh paint, vinyl flooring, and separate gas/electric utilities. The mechanicals have also been updated, including new hot water tanks installed in 2024, offering low-maintenance operation for years ahead. A transferable Certificate of Occupancy valid through June 2028 adds even more value. Projected rents upward of $4,000/month support a potential 15% cap rate, making this a prime addition to any portfolio. With everything updated, the only thing left to do is place tenants and start collecting rent!