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 |
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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 |
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Area | Rochester City |
Subdivision | Park Avenue |
City | Rochester |
County | Monroe |
State | NY |
Zip Code | 14607 |
Amenities
Utilities | Sewer Connected, Water Connected, Other, See Remarks |
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Features | Irregular Lot, Residential Lot |
Is Waterfront | No |
Has Pool | No |
Interior
Interior | Other, See Remarks |
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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 |
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Exterior Features | Blacktop Driveway |
Lot Description | Irregular Lot, Residential Lot |
Roof | Asphalt, Flat |
Construction | Brick |
School Information
District | Rochester |
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Additional Information
Short Sale | No |
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RE / Bank Owned | No |
Listing Details
Office | Rich Realty |
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