Listing ID R1375405
Sold For$1,450,000
SqFt
35,836
Acres
0.152
Status Closed
County Monroe
Year Built 1890
Property Type Commercial Sale
Property Sub Type Other
Turnkey residential portfolio consisting of 17 properties, 33 units, offered at a 11.65% cap rate! 298k gross income, 169k NOI annually. See attached pro forma. Reach out to Joe for detailed spreadsheet or additional info. Properties are a mix of Single Family, Two Family, and Three Family houses. (5)- 1 bedroom units, (19)- 2 bedroom units, and (9)- 3 bedroom units. Many upgrades throughout portfolio over the last 3-4 years- roofs, mechanicals, make readies as units turned over. CofO's in progress for following addresses: 8 Morgan St, 135 Spencer St, 139-141 Spencer St, 29 Kingston St, 311 Chili Ave, and 481 Wilkins St. All utilities separated throughout all buildings. MUST be sold as a package.
County
Monroe
Property Sub Type
Other
Property Type
Commercial Sale
Subdivision
Jones Tr
Year Built
1890
City Region
Lyell-Otis
Directions
Take Lake Ave South, make right onto Spencer St.
Elementary School District
Rochester
High School District
Rochester
MLS Area Major
Rochester City-261400
Middle Or Junior School District
Rochester
Postal City
Rochester
Township
Not Applicable
Waterfront
no
Buyer Financing
Conventional
Gross Income
298572
Listing Terms
Cash, Conventional
Net Operating Income
130054
Operating Expense
129669
Operating Expense Includes
Insurance, Maintenance, Professional Management, Water/Sewer
Owner Pays
Grounds Care, Water
Possession
Closing
Rent Includes
Common Area Maintenance, Water
Special Listing Conditions
Standard
Tax Annual Amount
38849
Tax Assessed Value
45000
Tax Lot
54
Appliances
Gas Water Heater
Basement
yes
Basement Type
Full
Fireplace
no
Flooring
Carpet, Ceramic Tile, Hardwood, Laminate, Varies, Vinyl
Heating
yes
Heating Type
Gas, Forced Air
Living Area
35836
Stories Total
2
Construction Materials
Aluminum Siding, Cedar, Composite Siding, Steel Siding, Vinyl Siding, Wood Siding
Exterior Features
Blacktop Driveway
Garage
yes
Garage Spaces
1
Lot Features
Residential Lot
Lot Size Area
0.1515
Lot Size Dimensions
50X132
Lot Size Square Feet
6600
Lot Size Units
Acres
Number Of Separate Electric Meters
33
Number Of Separate Gas Meters
33
Number Of Units Total
33
Parking Features
One Space, Garage
Road Frontage Type
City Street
Roof
Asphalt
Sewer
Connected
Utilities
Sewer Connected, Water Connected
Water Source
Connected, Public
CLIP
8373403270
Human Modified
no
Listing Association
Rochester
Mls Status
Closed
Permission
IDX
Property Condition
Resale
Property Sub Type Additional
Other
Year Built Details
Existing
Contact - Listing ID R1375405
Syracuse Realty Group
106 South Main Street
North Syracuse, NY 13212
Phone: 3154100373
Fax: 3154100375
bherzig@syracuserealtygroup.com,ozzie@syracuserealtygroup.com
Data services provided by IDX Broker
