Park Avenue Investment Opportunity — Fully Rented 7-Unit Property
For those waiting for an opportunity in the highly desirable Park Avenue neighborhood, this may be the one! This well-maintained 7-unit property is fully rented with leases in place and offers excellent off-street parking.
The property consists of six apartments in the main building and one apartment in the charming carriage house.
Current annual gross rental income exceeds $102,000.
Operating expenses include:
Taxes: $14,415;
Insurance: $3,276;
Utilities: $8,712;
Water: $1,221;
Refuse: $1,912.
A strong opportunity for an investor seeking an established, income-producing property in one of the area's most sought-after neighborhoods.
Please allow 48 hours' notice for all showings. Proof of funds and a bank term sheet for financing from a commercial lender are required prior to scheduling a showing.
Features
7 bedrooms
directions_car3 carspaces
8345 sq. ft. floor area
crop_free10043 sq. ft. lot size
cottageOther
Property history for 221 S Goodman St
2019
Sold
$3,000,000
16 Apr 2019
Happy sellers in Rochester
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Local market activity for 7 bedroom other properties in Rochester
Sold
For Sale
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