Description
Cash cow opportunity! Property is currently used as a rooming house and is a stable, turnkey operation that consistently generates over $6k per month and over $73k annually. 14 total rooms rented individually with month to month tenants. Day and night building manager on site 24/7, included in current monthly expenses of about $2700 per month. New owner can keep operation running or develop to their own liking. Additional rooms may be added with currently unused space. Possibilities are endless, previously was used as the Manchester Hotel. Condition is solid - vinyl siding, solid roof, and turnkey living spaces. Cameras throughout the building for management and staff. Coin op laundry on site. Individual locked basement storage for each occupant can be added at a nominal cost and could generate an additional $100-$200 per month. Convenient location, nearby the thruway and Route 96, nearby Victor and Canandaigua. Low Ontario County taxes make this an attractive investment.
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0BEDS
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0.48ACRES
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0BATHS
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01/2 BATHS
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5,928SQFT
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$37$/SQFT
Description
Cash cow opportunity! Property is currently used as a rooming house and is a stable, turnkey operation that consistently generates over $6k per month and over $73k annually. 14 total rooms rented individually with month to month tenants. Day and night building manager on site 24/7, included in current monthly expenses of about $2700 per month. New owner can keep operation running or develop to their own liking. Additional rooms may be added with currently unused space. Possibilities are endless, previously was used as the Manchester Hotel. Condition is solid - vinyl siding, solid roof, and turnkey living spaces. Cameras throughout the building for management and staff. Coin op laundry on site. Individual locked basement storage for each occupant can be added at a nominal cost and could generate an additional $100-$200 per month. Convenient location, nearby the thruway and Route 96, nearby Victor and Canandaigua. Low Ontario County taxes make this an attractive investment.
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: 2021-01-22T19:13:49.7.
Listing information © 2021 CNYIS, GENRIS, WNYREIS. Listing courtesy of Anthony C. Butera of Keller Williams Realty Greater Rochester West.