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Elk Place 113 N Clinton Ave 65 Unit Apartment Building $2,750,000 ($42,308/Unit) Rochester, NY 14604
Investment Highlights
- Five-story, 66-room + 2 Store Front hotel offering strong existing cash flow and income stability.
- Recent upgrades include a newer roof and modernized utilities for operational efficiency.
- Located in the heart of downtown, providing excellent accessibility and visibility.
- Flexible layout suitable for emergency housing, extended-stay guests, or long-term tenancy.
- Brand new Certificate of Occupancy to be delivered at closing for compliance assurance.
- Possible owner financing available with 50% down, creating an attractive acquisition option.
Executive Summary
Located in the heart of downtown, 113 N Clinton Ave presents a RARE investment opportunity with exceptional income! This five - story 63 Room + 2 Storefront Hotel combines strong existing cash flow with the flexibility to adapt to a variety of investment strategies.
The property’s versatile layout allows for a good tenant mix, making it ideal for emergency housing, extended-stay occupants, or longer-term tenancy. Its solid construction and well-maintained structure are complemented by a newer roof, upgraded utilities, and will include a brand new Certificate of Occupancy at closing.
Possible owner financing to the right buyer with 50% down. This is currently a TURNKEY CASH COW with Incredible Value - Add Potential! Don't miss out on this Opportunity!
The property’s versatile layout allows for a good tenant mix, making it ideal for emergency housing, extended-stay occupants, or longer-term tenancy. Its solid construction and well-maintained structure are complemented by a newer roof, upgraded utilities, and will include a brand new Certificate of Occupancy at closing.
Possible owner financing to the right buyer with 50% down. This is currently a TURNKEY CASH COW with Incredible Value - Add Potential! Don't miss out on this Opportunity!
Property Facts
| Price | $2,750,000 | Building Class | B |
| Price Per Unit | $42,308 | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 21,350 SF |
| No. Units | 65 | No. Stories | 5 |
| Property Type | Multifamily | Year Built | 1923 |
| Property Subtype | Apartment | Parking Ratio | 0.47/1,000 SF |
| Apartment Style | Mid-Rise | Opportunity Zone |
Yes
|
| Price | $2,750,000 |
| Price Per Unit | $42,308 |
| Sale Type | Investment |
| No. Units | 65 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 21,350 SF |
| No. Stories | 5 |
| Year Built | 1923 |
| Parking Ratio | 0.47/1,000 SF |
| Opportunity Zone |
Yes |
Amenities
- Smoke Detector
Unit Amenities
- Microwave
- Heating
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Tub/Shower
- Handrails
Site Amenities
- 24 Hour Access
1 1
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 261400-106-790-0001-030-000-0000 | Improvements Assessment | $510,400 |
| Land Assessment | $49,600 | Total Assessment | $560,000 |
Property Taxes
Parcel Number
261400-106-790-0001-030-000-0000
Land Assessment
$49,600
Improvements Assessment
$510,400
Total Assessment
$560,000
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Elk Place | 113 N Clinton Ave
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