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1564 Mount Hope Ave 3 Unit Apartment Building $599,000 ($199,667/Unit) Rochester, NY 14620


INVESTMENT HIGHLIGHTS
- Great location
EXECUTIVE SUMMARY
Location, Location, Location!! Investment Opportunity to own 2 adjacent income properties just steps from Strong Hospital and College Town. PRICE INCLUSIVE OF BOTH 1564 & 1570 Mt Hope Ave. To be sold TOGETHER. R1620173 and R1620174 SOLD TOGETHER. Total of 5 Units w/ separate utilities - including one commercially zoned unit that would be perfect for small businesses of accounting, law, therapy and more!! OVER 100k in updates and remodel this past year, including new kitchens in 3 of the units. 3 of 5 units are vacant currently due to recently completed renovations. Newly paved parking lot in rear and 2 car garage provides ample off street parking for tenants. See attachments for improvements made to the property.
PROPERTY FACTS
| Price | $599,000 | Building Class | C |
| Price Per Unit | $199,667 | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 3,240 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1930 |
| Property Subtype | Apartment | Parking Ratio | 7.48/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C-2 - Community Center - Community Center District provides diverse commercial development along gateway transportation corridors and neighborhood or village centers. | ||
| Price | $599,000 |
| Price Per Unit | $199,667 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 3,240 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 7.48/1,000 SF |
| Zoning | C-2 - Community Center - Community Center District provides diverse commercial development along gateway transportation corridors and neighborhood or village centers. |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 3 | - | - |
1 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 261400-136-610-0003-034-000-0000 | Improvements Assessment | $241,500 |
| Land Assessment | $13,500 | Total Assessment | $255,000 |
PROPERTY TAXES
Parcel Number
261400-136-610-0003-034-000-0000
Land Assessment
$13,500
Improvements Assessment
$241,500
Total Assessment
$255,000
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Presented by
Cassara Realty Group
1564 Mount Hope Ave
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