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Villas at Town Center 1 Rodeo Dr 124 Unit Apartment Building For Sale Rochester, NY 14612
INVESTMENT HIGHLIGHTS
- Fully Leased Investment Offering
- Favorable Demographic Drivers
- High Rent Growth Market
EXECUTIVE SUMMARY
The Villas at Town Center is a unique Build-to-Rent (BTR) community located in the Town of Greece (suburban Rochester, NY). The property was constructed in two phases, with the first units delivered in Q3 2022 and the second phase reaching completion in Q2 2024. The project achieved 100% occupancy in May 2025 and now has a wait list.
The community is comprised of 93, two-bedroom townhomes and 31, 3 bedroom patio homes. Residents may also enjoy the 5,500 square foot clubhouse which features a pool, gym, rentable party room, kitchen and dog washing station.
The amenity rich units offer upscale finishes and numerous conveniences including 2-car garages, in-unit laundry and all appliances. The entire community was designed with a zero-entry / no stairs approach, eliminating common trip-hazard points at building entries, shower entries, and the clubhouse.
The community is comprised of 93, two-bedroom townhomes and 31, 3 bedroom patio homes. Residents may also enjoy the 5,500 square foot clubhouse which features a pool, gym, rentable party room, kitchen and dog washing station.
The amenity rich units offer upscale finishes and numerous conveniences including 2-car garages, in-unit laundry and all appliances. The entire community was designed with a zero-entry / no stairs approach, eliminating common trip-hazard points at building entries, shower entries, and the clubhouse.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 23.21 AC |
| No. Units | 124 | Building Size | 170,407 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 2022 |
| Building Class | B | Parking Ratio | 1.46/1,000 SF |
| Zoning | RP - Planned Residential | ||
| Sale Type | Investment |
| No. Units | 124 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 23.21 AC |
| Building Size | 170,407 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | RP - Planned Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Washer/Dryer
- Heating
- Refrigerator
- Tub/Shower
- Carpet
- Wi-Fi
- Lawn
SITE AMENITIES
- Controlled Access
- Clubhouse
- Fitness Center
- Pool
- Tenant Controlled HVAC
- Gameroom
- Pet Care
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 93 | - | 1,283 |
| 3+2 | 31 | - | 1,648 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,265,500 | |
| Land Assessment | $354,900 | Total Assessment | $1,620,400 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$354,900
Improvements Assessment
$1,265,500
Total Assessment
$1,620,400
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Villas at Town Center | 1 Rodeo Dr
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