Log In/Sign Up
1361 Lake Ave
Rochester, NY 14613
51-unit value-add MF with upside in Rochester · Multifamily Property For Sale
·
51 Units
Investment Highlights
- Well-established 51-unit brick apartment building excellently positioned just off NY-104 with indoor parking in Rochester, NY.
- Value-add investment opportunity to acquire a multifamily asset in a renter-dominated area where market rents increased by 5.5% in the past year.
- Surrounded by incredible amenities within a three-mile radius, including Walmart Supercenter, Target, McDonald’s, and more.
- Nestled in a popular Maplewood suburb, this four-story property is a brief half-mile walk from the Genesee River.
- Equipped with a security system, remote cameras, a brand-new boiler system and hot water holding tank.
- Situated in Upstate New York, a 10-minute drive from Ontario Beach, and in proximity to the heart of Rochester.
Property Facts
| Sale Condition | Auction Sale | Lot Size | 0.79 AC |
| Type of Ownership | Fee Simple | Building Size | 44,904 SF |
| No. Units | 51 | Average Occupancy | 88% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1968 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.78/1,000 SF |
| Building Class | C | Parcel Number | 261400-090-510-0003-027-000-0000 |
| Zoning | R-3 High Density Resi - The R-3 High-Density Residential District protects, preserves and enhances existing residential areas of higher density which include multifamily. | ||
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| No. Units | 51 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.79 AC |
| Building Size | 44,904 SF |
| Average Occupancy | 88% |
| No. Stories | 4 |
| Year Built | 1968 |
| Parking Ratio | 1.78/1,000 SF |
| Zoning | R-3 High Density Resi - The R-3 High-Density Residential District protects, preserves and enhances existing residential areas of higher density which include multifamily. |
| Parcel Number | 261400-090-510-0003-027-000-0000 |
Amenities
Unit Amenities
- Air Conditioning
- Kitchen
- Oven
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 13 | - | 500 |
| 1+1 | 36 | - | 650 |
| 2+1 | 2 | - | 900 |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
