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1056 Dewey Ave 11 Unit Apartment Building $825,000 ($75,000/Unit) 17.32% Cap Rate Rochester, NY 14613
Investment Highlights
- Solid brick building with spacious apartments, always rented
- Updated apartments - kitchens & baths updated, new flooring, fresh paint
- New Certificate of Occupancy at Closing!
Executive Summary
Another Rockin' Rochester Property! Proof of funds or a lender letter required prior to approving any showings. 11 updated one bdrm units. Most rented to community organization tenants. Organizations provide guaranteed rent and lease terms! Many energy efficient measures- tekmar programmable thermostat, hallway lighting that dims when not in use. Roof silver sealed this year. Vinyl windows, brick exterior- maintenance free! New C of O at closing. Seller has other properties to be sold. May consider a package. Gross annual Income of $142,886/yr. Income & Expense info in attachments.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$141,996
|
$16.34
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$141,996
|
$16.34
|
| Taxes |
$12,976
|
$1.49
|
| Operating Expenses |
$41,253
|
$4.75
|
| Total Expenses |
$54,229
|
$6.24
|
| Net Operating Income |
$87,767
|
$10.10
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $141,996 |
| Annual Per SF | $16.34 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $141,996 |
| Annual Per SF | $16.34 |
| Taxes | |
|---|---|
| Annual | $12,976 |
| Annual Per SF | $1.49 |
| Operating Expenses | |
|---|---|
| Annual | $41,253 |
| Annual Per SF | $4.75 |
| Total Expenses | |
|---|---|
| Annual | $54,229 |
| Annual Per SF | $6.24 |
| Net Operating Income | |
|---|---|
| Annual | $87,767 |
| Annual Per SF | $10.10 |
Property Facts
| Price | $825,000 | Property Subtype | Apartment |
| Price Per Unit | $75,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 17.32% | Building Size | 8,692 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Price | $825,000 |
| Price Per Unit | $75,000 |
| Sale Type | Investment |
| Cap Rate | 17.32% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 8,692 SF |
| No. Stories | 2 |
| Year Built | 1920 |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Wi-Fi
- Double Pane Windows
Site Amenities
- Gas Range
- Vintage Building
- Public Transportation
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $949.50 | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 261400-090-740-0002-001-000-0000 | Total Assessment | $330,000 |
| Land Assessment | $24,600 | Annual Taxes | $12,976 ($1.49/SF) |
| Improvements Assessment | $305,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
261400-090-740-0002-001-000-0000
Land Assessment
$24,600
Improvements Assessment
$305,400
Total Assessment
$330,000
Annual Taxes
$12,976 ($1.49/SF)
Tax Year
2025
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RE/MAX Realty Group
1056 Dewey Ave
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