This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1106 Saint Paul St
Rochester, NY 14621
Huntington Park Apartments · Multifamily Property For Sale
·
75 Units
PROPERTY FACTS
| No. Units | 75 | Lot Size | 3.06 AC |
| Property Type | Multifamily | Building Size | 51,750 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Garden | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 1970/1997 |
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 3.06 AC |
| Building Size | 51,750 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/1997 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Heating
- Refrigerator
- Oven
- Range
- Carpet
- Intercom
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Tenant Controlled HVAC
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
ABOUT 1106 SAINT PAUL ST , ROCHESTER, NY 14621
Marcus & Millichap is pleased to present for sale Huntington Park Apartments – A 75-unit garden-style apartment complex located near downtown Rochester, NY. The property was renovated in 1997 under the LIHTC agreement, which expires in 2027. Additionally, there is a local section 8 housing contract on 16 of the units. The property consists of 30 one-bedroom units and 45 two-bedroom units. The rents average about 15% under the maximum LIHTC rents for the area. Huntington Park is very well maintained by current ownership, and is consistently 95-100% occupied. The asset is listed for sale at $3,600,000, which is $48,000 per unit and an 8.03% cap rate. With excellent debt available, a new owner can achieve a 15 cash on cash return in the first year with rental upside.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 30 | - | 600 |
| 2+1 | 45 | - | 750 |
PROPERTY TAXES
| Parcel Number | 261400 105.36-1-15.001 | Improvements Assessment | $2,595,000 |
| Land Assessment | $180,000 | Total Assessment | $2,775,000 |
PROPERTY TAXES
