About 314 Park Avenue
Excellent investment opportunity in Rochester’s highly desirable Park Avenue neighborhood! This unique 7-unit property features seven spacious 3-bedroom apartments, offering an attractive unit mix in a prime rental location. Two units feature 1.5 baths, with the remaining five offering 1 full bath. Each apartment also includes its own full basement and full walk-up unfinished attic, providing exceptional storage space. The property contains approximately 9,730 square feet and generates scheduled gross rents of $141,216 annually when fully occupied. Tenants pay their own gas and electric utilities; owner pays water. Current Certificate of Occupancy valid through 12/11/2028. Six units are currently occupied with leases in place and one unit is available for immediate rental, providing an opportunity for a new owner to place a tenant at current market rent. Offered at $1,100,000. A rare opportunity to acquire seven 3-bedroom units in the heart of the Park Avenue neighborhood.
Features of 314 Park Avenue
| MLS® # | R1714111 |
|---|---|
| Price | $1,100,000 |
| Bedrooms | 7 |
| Bathrooms | 0.00 |
| Square Footage | 10,242 |
| Square Footage | 9148 |
| Acres | 0.21 |
| Year Built | 1900 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 314 Park Avenue |
|---|---|
| Area | Rochester City |
| Subdivision | Park Avenue |
| City | Rochester |
| County | Monroe |
| State | NY |
| Zip Code | 14607 |
Amenities
| Utilities | Sewer Connected, Water Connected |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | None, No Driveway, No Garage |
| Garages | None, No Driveway, No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Laminate, Resilient, Tile, Varies |
|---|---|
| Appliances | Dishwasher, Electric Water Heater, Gas Oven, Gas Range, Gas Water Heater, Refrigerator |
| Heating | Gas, Forced Air, Multiple Heating Units |
| Cooling | Central Air |
| Fireplace | Yes |
| # of Fireplaces | 7 |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Wood Siding |
|---|---|
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Roof | Shingle |
| Construction | Wood Siding |
School Information
| District | Rochester |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Tickle Realty, LLC |
|---|