406 Lake Avenue
$1,300,000
406 Lake Avenue, Rochester, NY 14608
For Sale
Multifamily
Mid High Rise
Active
Last Updated: 10/03/2024
11.46
Cap Rate
148,966.2
NOI
Details:
Cap Rate: 11.46%
NOI: $148,966.20
Building Size: 24,615 sqft
Lot Area: 0.48 acres
Occupancy: 100%
Units: 28
Year Built: 1910
Floors: 2
Highlights:
- Fully Occupied
- On Bus Line
- Tear-Off Roof Replacement 2014
- Off-Street Parking
Description:
28-Unit 2-Story walk-up brick exterior apartment building. Centrally located in the City of Rochester on a main bus line and an Aldi grocery store next door. Unit splits comprise seven one-bedroom, one two-bedroom, and twenty spacious studios. All utilities are included in the tenant's rent besides cooking gas which is separately metered in each unit. A complete tear-off roof was replaced in 2014, and some windows have been replaced. C of O is good until 11/2024.
Located on Lake Ave and Phelps Ave adjacent to ALDI Grocery Store.
Natural
Location
Gallery
