Active
63 Rowley Street
Rochester NY, 14607
$1,375,000
$125.00 per sqft
Active
11,000 sqft
Other
Built in 1875
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.
R1587213
MLSⓇ ID
February 4, 2025
Listed
February 21, 2025
Updated
Interior Features
Total Stories
2
Appliances
Gas Water Heater, See Remarks
Floor Description
Other, See Remarks
Fireplace
No
Cooling
Yes
Cooling Description
Other, See Remarks
Heating
Yes
Heating Description
Gas, Other, See Remarks
Exterior/Building Features
Lot Size
0.11 Acres
Exterior Features
Blacktop Driveway
Lot Features
Irregular Lot, Residential Lot
Roof
Asphalt, Flat
Sewer
Connected
School Information
School District
Rochester
Other Property Details
Area Name
Rochester City-261400
Taxes
$19,000
Tax Frequency
Annually
Days on Market
10
Garage
No
View
No
County
Monroe
Municipality
Not Applicable
Water Source
Connected, Public
Pool
No
Utilities
Sewer Connected, Water Connected
Courtesy of Rich Realty, Mark J. Palazzo
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Data last updated 7:53 PM UTC, 2/21/2025