63 Rowley St, Rochester, NY 14607

Introducing the 15 Unit Park Avenue Package in Rochester, NY 14607! This prime mixed-use property includes three contiguous buildings with a total of 15 units, offering a mix of two-bedroom, one-bedroom, and studio apartments along with retail spaces. All with a strong rental history and cash-paying tenants. This investment opportunity presents a rent roll of over $184,000 annually. Situated in the highly sought-after Park Avenue neighborhood, the buildings have undergone extensive renovations between 2021-2024, ensuring a modern and well-maintained property. The package features separate utilities for two buildings and off-street parking with eight spaces, including a two-car garage. With a net operating income of $117,905 and a cap rate of 8.6 (assuming 5% for vacancy, 5% for repair assumption and 10% for management), this property offers a solid return on investment. Don't miss out on this turnkey opportunity in a thriving location. P and L and rent roll available on request. 48 hours notice, proof of funds and a bank term sheet requested to schedule showings.