$1,450,000
$1,440,000
0.7%For more information regarding the value of a property, please contact us for a free consultation.
35,836 SqFt
SOLD DATE : 08/15/2022
Key Details
Sold Price $1,450,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 35,836 sqft
Price per Sqft $40
Subdivision Jones Tr
MLS Listing ID R1375405
Sold Date 08/15/22
Construction Status Existing
HOA Y/N No
Year Built 1890
Annual Tax Amount $38,849
Lot Size 6,599 Sqft
Acres 0.1515
Lot Dimensions 50X132
Property Description
Turnkey residential portfolio consisting of 17 properties, 33 units, offered at a 11.65% cap rate! 298k gross income, 169k NOI annually. See attached pro forma. Reach out to Joe for detailed spreadsheet or additional info. Properties are a mix of Single Family, Two Family, and Three Family houses. (5)- 1 bedroom units, (19)- 2 bedroom units, and (9)- 3 bedroom units. Many upgrades throughout portfolio over the last 3-4 years- roofs, mechanicals, make readies as units turned over. CofO's in progress for following addresses: 8 Morgan St, 135 Spencer St, 139-141 Spencer St, 29 Kingston St, 311 Chili Ave, and 481 Wilkins St. All utilities separated throughout all buildings. MUST be sold as a package.
Location
State NY
County Monroe
Community Jones Tr
Area Rochester City-261400
Direction Take Lake Ave South, make right onto Spencer St.
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Ceramic Tile, Hardwood, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Blacktop Driveway
Garage Spaces 1.0
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage Yes
Building
Lot Description Residential Lot
Sewer Connected
Water Connected, Public
Structure Type Aluminum Siding,Cedar,Composite Siding,Steel Siding,Vinyl Siding,Wood Siding
Construction Status Existing
Schools
School District Rochester
Others
Senior Community No
Tax ID 261400-105-680-0001-054-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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