Pearl-Meigs-Monroe, NY homes for sale & real estate

Pearl-Meigs-Monroe, NY Homes for Sale

15 Unit Park Avenue Package in Rochester, NY 14607! This prime mixed-use property includes three contiguous buildings with a total of 15 units. 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. The package features separate utilities for two buildings and off-street parking with eight spaces, including a two-car garage. The property projects a net operating income of $117,905 and a cap rate of 9.1 (assuming 5% for vacancy, 5% for repair assumption and 10% for management). P and