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1075 Genesee

1075 Genesee St, Rochester, NY 14611, USA

IDK

Howard Hanna

Pending

$314,900

Property Type

5-Unit

Date Listed

9/20/21

Lease Expiration

2022

ELEVATE SCORE

Year Built

1911

Size

3,034 sqft

Lot Size

10,008 sqft

9

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NOTES FROM OUR EXPERT

Want a great investment property with steady payers and no vacancy? Own your own mini dorm! This place is fully rented with all new 1-year leases walking distance to the U of R.

FINANCIALS

Income

Gross Annual Rent

$49,560

Laundry

$720

Total

$49,560

Expenses

Taxes

Water*

Insurance*

Refuse

Utilities

$6,372

$704

$1,948

$524

$2,963

Total

$13,393

*Estimated base on local knowledge of similar property types

Current

Purchase Price

$314,900

Cap Rate

11.49%

Annual Net

$36,167

Pro Forma

Purchase Price

$314,900

Cap Rate

12.36%

Annual Net

$38,927

*Cap Rate does not include maintenance or management

Location

7

Occupancy

10

Financial

9

Condition

8

Maintenance

7

Tenants

7

Property Location

1075 Genesee St, Rochester, NY 14611, USA

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OUR PROMISE

  • WE MAKE IT EASY

Every Step of the way we simplify the process and help you make educated financial decisions.

  • QUALITY AND PROFESSIONAL SERVICE

We are reliable, responsible, and we care. Your satisfaction and loyalty is always important to us.

  • OUR TEAM TAKES CARE OF YOU

Our team is on it! We stay ahead of the transaction and handle all communication every step of the way

Call today (585) 502-9290

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