About 201 Lake Avenue
Another Rockin' Rochester Property! This well-maintained multi-unit brick building offers a strong mix of apartments and recent updates, making it an excellent investment opportunity. A newer boiler installed in 2023 ensures efficient heating, while the 15-year-old roof provides peace of mind for years to come. Residents enjoy the convenience of an on-site, coin-operated laundry. The property features a thoughtful unit layout across three floors. The third floor includes three one-bedroom apartments, two located in the rear and one in the front. The second floor offers four spacious one-bedroom units along with a studio apartment. On the first floor, you’ll find two one-bedroom apartments—one with an inviting open front porch and another with a charming side porch—plus an additional studio unit. Units 1-8 pay cooking gas only (LL pays heat & electric). Units 9-11 pay their own gas and electric. With a balanced mix of one-bedroom and studio apartments, along with valuable updates and tenant-friendly amenities, this property could make a solid long-term addition to any investment portfolio. Seller may consider finance with 50% down, 8% interest, 30 year term, balloon in 5 years.
Features of 201 Lake Avenue
| MLS® # | R1635126 |
|---|---|
| Price | $1,000,000 |
| Bedrooms | 9 |
| Bathrooms | 0.00 |
| Square Footage | 8,167 |
| Acres | 0.15 |
| Year Built | 1930 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 201 Lake Avenue |
|---|---|
| Area | Rochester City |
| Subdivision | Edgerton |
| City | Rochester |
| County | Monroe |
| State | NY |
| Zip Code | 14608 |
Amenities
| Utilities | Cable Available, High Speed Internet Available, Sewer Connected, Water Connected, Snow Removal, Trash Collection, Water |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | Three or more Spaces, No Garage, Shared Driveway |
| Garages | Three or more Spaces, No Garage, Shared Driveway |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Ceramic Tile, Luxury Vinyl, Varies |
|---|---|
| Appliances | Gas Water Heater, See Remarks |
| Heating | Gas, Baseboard, Forced Air, Hot Water |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick, Copper Plumbing, PEX Plumbing |
|---|---|
| Exterior Features | Blacktop Driveway |
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Windows | Thermal Windows |
| Roof | Membrane, Rubber |
| Construction | Brick, Copper Plumbing, PEX Plumbing |
School Information
| District | Rochester |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Realty Group |
|---|