Pending

Listed by Mark Palazzo from Rich Realty

Source: Upstate New York Real Estate Information Service #R1674837

221 Spencer St, Rochester, NY, 14608

$279,900

6251 sq. ft.
6098 sq. ft.

Other

30+ days on the market

What's around 221 Spencer St

About this property

221 Spencer Street, Rochester, NY presents an opportunity to acquire a 5-unit multifamily asset in Rochester’s Edgerton neighborhood, offered at $299,900. This income-producing property features four 2-bedroom apartments and one 1-bedroom apartment, with all utilities separately metered for streamlined management and expense control. Currently generating $4,375 per month in gross rental income, the property offers immediate cash flow with a defined rent roll in place. The Certificate of Occupancy transfers with the sale and is valid through December 2028. Annual operating expenses are reported at approximately $5,403 for taxes, $3,500 for insurance, $632 for water, and $832 for refuse. Please allow 48 hours for showing requests to notify tenants. Please provide a proof of funds statement or a bank term sheet for financing before showings. Showings are weekdays 10 to 3.

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