$375,000
$399,000
6.0%For more information regarding the value of a property, please contact us for a free consultation.
7,623 SqFt
SOLD DATE : 09/20/2023
Key Details
Sold Price $375,000
Property Type Commercial
Sub Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 7,623 sqft
Price per Sqft $49
Subdivision Della Gridleys
MLS Listing ID R1445675
Sold Date 09/20/23
Construction Status Existing
HOA Y/N No
Year Built 1920
Annual Tax Amount $16,282
Lot Size 8,372 Sqft
Acres 0.1922
Lot Dimensions 52X161
Property Description
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 and no issues with vacancies. 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 $6,345 a month in Gross Rent equalling over $76,000.00 a year when fully rented. Annual expenses are Lawn $550, Snow $600, RG&E (Heat) $5800, Garbage $3318, Water $1500 - $2000.
Location
State NY
County Monroe
Community Della Gridleys
Area Rochester City-261400
Direction South on Dewey ave from Ridgeway, left on Flower City Park, property is on the left.
Rooms
Basement Full
Interior
Heating Gas, Hot Water
Flooring Carpet, Ceramic Tile, Hardwood, Varies, Vinyl
Fireplace No
Appliance Free-Standing Range, Gas Water Heater, Oven, Refrigerator
Exterior
Exterior Feature Blacktop Driveway, Concrete Driveway, Gravel Driveway
Garage Spaces 1.0
Community Features Storage Facilities
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage Yes
Building
Lot Description Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick,Wood Siding
Construction Status Existing
Schools
School District Rochester
Others
Senior Community No
Tax ID 261400-090-500-0001-035-000-0000
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with RE/MAX Plus
GET MORE INFORMATION
Licensed Associate Real Estate Broker | License ID: 10301221928