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42 Rowley St 7 Unit Apartment Building $599,900 ($85,700/Unit) 10.40% Cap Rate Rochester, NY 14607
EXECUTIVE SUMMARY
A short walk to Park Ave from this all brick architecturally significant building with a 4 car garage and another parking spot. 7 apartments consisting of one 2 bedroom, four 1 bedrooms and 2 studios. Tenants pay electric - owner pays heat but with replacement windows and a sensor on the thermostat the heat bill is only $4369 per year. Excellent cash flow. The gross annual income is $99300 and expenses are $36802 which is a 10.4% cap rate. The property can only be shown Tuesday and Thursday from 2:30-4 and Saturday ll:30-1. You must make an appointment - you cannot just show up at that time
PROPERTY FACTS
| Price | $599,900 | Apartment Style | Low-Rise |
| Price Per Unit | $85,700 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 10.40% | Building Size | 6,056 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | Commercial - Medium Density Residential | ||
| Price | $599,900 |
| Price Per Unit | $85,700 |
| Sale Type | Investment |
| Cap Rate | 10.40% |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,056 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | Commercial - Medium Density Residential |
AMENITIES
UNIT AMENITIES
- Heating
- High Speed Internet Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 650 |
| 2+1 | 1 | - | - |
| Studios | 2 | - | - |
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Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 261400-121-500-0002-073-000-0000 | Improvements Assessment | $470,600 |
| Land Assessment | $19,400 | Total Assessment | $490,000 |
PROPERTY TAXES
Parcel Number
261400-121-500-0002-073-000-0000
Land Assessment
$19,400
Improvements Assessment
$470,600
Total Assessment
$490,000
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42 Rowley St
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