Description
Turnkey 37 Unit Residential Rental PORTFOLIO in Rochester NY. This is your chance to invest in a fully operational investment portfolio. Professionally managed, 9 apartment homes with 37 total units earn $270,696 gross yearly income and clear $165,066 Net Operating Income. The portfolio offers a 10.32% cap rate and is 100% occupied. Each unit has its own gas and electric meters, water heater and furnace with 33 new furnaces and 16 water heaters installed since 2016. Many other updates since 2016 include roofing, vinyl windows, bathroom remodels and other interior and exterior improvements. Many detailed reports, photos, videos and other information at buyers request.
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0BEDS
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1.26ACRES
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0BATHS
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01/2 BATHS
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35,774SQFT
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$45$/SQFT
Description
Turnkey 37 Unit Residential Rental PORTFOLIO in Rochester NY. This is your chance to invest in a fully operational investment portfolio. Professionally managed, 9 apartment homes with 37 total units earn $270,696 gross yearly income and clear $165,066 Net Operating Income. The portfolio offers a 10.32% cap rate and is 100% occupied. Each unit has its own gas and electric meters, water heater and furnace with 33 new furnaces and 16 water heaters installed since 2016. Many other updates since 2016 include roofing, vinyl windows, bathroom remodels and other interior and exterior improvements. Many detailed reports, photos, videos and other information at buyers request.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than WEICHERT, REALTORS® - Thousand Islands Realty are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2021-01-18T08:13:50.017.
Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Phillip S Crispino of Howard Hanna.