About 865 Lake Avenue
Another Rockin' Rochester Property! Attention investors! This solid brick NINETEEN unit apartment building features all 1 bdrm units (rents averaging $1091/mo) and is the definition of a turn-key, cash flowing asset. Comes with a new Certificate of Occupancy at closing. 100% occupied- offering immediate, reliable income from day one. Even better, most tenants rebts are paid through organizations that provide guaranteed rental payments, delivering consistent cash flow and reduced collection concerns. Thoughtfully maintained with numerous efficiency upgrades including all new windows, energy efficient lighting and a boiler equipped with Tekmar controls for improved heating performance and lower operating costs. Hardwood flooring, luxury vinyl plank flooring, plenty of off street parking, kitchens and baths updated. Convenient access to downtown, public transportation, shopping, restaurants, parks, Maplewood Rose Garden and Ontario Beach Park. This one checks all the boxes with strong occupancy, quality improvements and a great rental income with a $248k gross income!
Features of 865 Lake Avenue
| MLS® # | R1695874 |
|---|---|
| Price | $1,525,000 |
| Bedrooms | 19 |
| Bathrooms | 0.00 |
| Square Footage | 17,600 |
| Acres | 0.14 |
| Year Built | 1935 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 865 Lake Avenue |
|---|---|
| Area | Rochester City |
| Subdivision | Maplewood |
| City | Rochester |
| County | Monroe |
| State | NY |
| Zip Code | 14613 |
Amenities
| Utilities | Cable Available, Sewer Connected, Water Connected, Other, See Remarks, Snow Removal, Trash Collection, Water |
|---|---|
| Features | Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | One and One Half Spaces, Driveway, No Garage |
| Garages | One and One Half Spaces, Driveway, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Luxury Vinyl, Varies |
|---|---|
| Interior Features | Natural Woodwork |
| Appliances | Gas Water Heater, Refrigerator |
| Heating | Gas, Hot Water |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full, Partially Finished |
Exterior
| Exterior | Brick, Copper Plumbing, PEX Plumbing |
|---|---|
| Exterior Features | Blacktop Driveway |
| Lot Description | Corner Lot, Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Windows | Thermal Windows |
| Roof | Flat |
| 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 |
|---|