63 Rowley Street, Rochester, NY

$1,375,000

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11,000

Square feet

0.11

Acres

About 63 Rowley Street

Introducing the 15 Unit Park Avenue Package in Rochester, NY 14607! This prime mixed-use property includes three contiguous buildings with a total of 15 units, offering a mix of two-bedroom, one-bedroom, and studio apartments along with retail spaces. All with a strong rental history and cash-paying tenants. This investment opportunity presents a rent roll of over $184,000 annually. Situated in the highly sought-after Park Avenue neighborhood, the buildings have undergone extensive renovations between 2021-2024, ensuring a modern and well-maintained property. The package features separate utilities for two buildings and off-street parking with eight spaces, including a two-car garage. With a net operating income of $117,905 and a cap rate of 8.6 (assuming 5% for vacancy, 5% for repair assumption and 10% for management), this property offers a solid return on investment. Don't miss out on this turnkey opportunity in a thriving location. Contact us for further details and to schedule a viewing of the 15 Unit Park Avenue Package today! P and L and rent roll available on request. 48 hours notice requested for showings. Proof of finds and a bank term sheet also requested before showings.

Features of 63 Rowley Street

MLS® # R1587213
Price $1,375,000
Bathrooms 0.00
Square Footage 11,000
Square Footage 4671
Acres 0.11
Year Built 1875
Type Multi Family
Sub-Type Commercial
Status Active

Community Information

Address 63 Rowley Street
Area Rochester City
Subdivision Park Avenue
City Rochester
County Monroe
State NY
Zip Code 14607

Amenities

Utilities Sewer Connected, Water Connected, Other, See Remarks
Features Irregular Lot, Residential Lot
Is Waterfront No
Has Pool No

Interior

Interior Other, See Remarks
Appliances Gas Water Heater, See Remarks
Heating Gas, Other, See Remarks
Cooling Other, See Remarks
Fireplace No
# of Stories 2
Stories 2
Has Basement Yes
Basement Full

Exterior

Exterior Brick
Exterior Features Blacktop Driveway
Lot Description Irregular Lot, Residential Lot
Roof Asphalt, Flat
Construction Brick

School Information

District Rochester

Additional Information

Short Sale No
RE / Bank Owned No

Listing Details

OfficeRich Realty

Listing Map

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