534-582 Denise Rd - Apartments FOR SALE


Rochester, NY 14616
$1,250,000 USD
585-503-4929
534-582 Denise Rd, Rochester, NY for Sale
$1,250,000 USD
Apartments - FOR SALE
1/5
null | 9.95% Cap Rate

534-582 Denise Rd
Rochester, NY 14616


HIGHLIGHTS

  • Excellent investment opportunity: Estimated NOI $124,367
  • Convenient location in the heart of Greece less than a mile from the Dewey Avenue retail area with Walmart Superstore & more
  • Low Maintenance Asset
  • Less than 1 mile from Lake Ontario State Parkway & less than 3 miles from Interstate 390

OVERVIEW

Prime investment opportunity, for sale asking: $1.25M. Fully occupied apartment community on approximately 1.00 acre with 5 multi-tenant buildings comprising 10 separate units. Excellent opportunity for investors to acquire this value-add property with a NOI of $124,367 and 10% Cap Rate Value-Add property with overdue rent increases, current rent rates below market. Convenient location in the heart of Greece less than a mile from the Dewey Avenue retail area, major retailers in the area include Walmart, Big Lots & more. Low Maintenance Asset – Recent improvements and proactive maintenance ensure minimal upkeep, making this property a hassle-free addition to any portfolio. Proximity to major highways, less than 1 mile from Lake Ontario State Parkway and less than 3 miles from Interstate 390.

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$131 USD /SF

# OF UNITS

10

PRICE/UNIT

$125,000

CAP RATE

9.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Greece Investment Opportunity

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

262800-060-080-0001-025-000

ASK ABOUT THIS PROPERTY

Jeffrey DiCesareVenture Brokerage GroupMore Info
585-503-4929

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Jeffrey DiCesareVenture Brokerage GroupMore Info
585-503-4929

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.