551 Lexington Ave - Apartments FOR SALE


Rochester, NY 14613
$184,900 USD
585-233-7021
551 Lexington Ave, Rochester, NY for Sale
$184,900 USD
Apartments - FOR SALE
1/7
null | 7.81% Cap Rate

551 Lexington Ave
Rochester, NY 14613


HIGHLIGHTS

  • Newly renovated front office with half bath and upgraded flooring, ideal for diverse business opportunities.
  • Updated tear-off roof ensures long-term investment security and reduced maintenance costs.
  • Upper apartment features a spacious 2-bedroom layout with a private deck for tenant enjoyment.
  • Lower 1-bedroom apartment offers ramp access, catering to accessibility needs and tenant convenience.
  • Recent egress window installation in lower apartment enhances safety and meets regulatory standards.
  • Vacant front office space presents versatile usage potential, perfect for immediate occupancy or lease.

OVERVIEW

This mixed use property is an investors dream with brand new tear off roof, remodeled front office space with added half bath and new flooring. Some new flooring in occupied apartments. New egress window installed for lower apartment for compliance. There is a large 2 bedroom upper apartment with a deck and a charming lower 1 bedroom apartment with ramp access. There are many opportunities for the front office space! Front office is vacant due to recent remodel. There is a current C of O on this property.

FOR SALE DETAILS

PRICE

$184,900 USD

PRICE/SF

$68 USD /SF

# OF UNITS

3

PRICE/UNIT

$61,633

CAP RATE

7.81%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,229 SF

ZONING

-

APN/PARCEL ID

261400-105-250-0001-006-000-0000

ASK ABOUT THIS PROPERTY

Jennifer SurridgeHoward Hanna Real Estate ServicesMore Info
585-233-7021

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Jennifer SurridgeHoward Hanna Real Estate ServicesMore Info
585-233-7021

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