5 property Multi-family portfolio 5 Properties Offered at $550,000 in Rochester, NY

INVESTMENT HIGHLIGHTS

  • Strategic Location: Primarily clustered in high-demand rental areas such as 14621, Marketview Heights, and Mayor's Heights
  • Value-Add Opportunity: With many rents currently below market rates, there's significant potential for increased revenue - up to $405,000 annually
  • Solid Foundation: The portfolio is fully occupied by long-term, rent-current tenants, providing a stable foundation for future growth and ROI
  • Financial Performance: Currently grossing $351,960 annually, the portfolio boasts an impressive 11.68% cap rate
  • Stellar Management: Owners have maintained vacancies below 3% through hands-on management. All properties have transferable Certificate of Occupancy.

EXECUTIVE SUMMARY

This portfolio features 5 well-maintained duplexes for a total of 10 units, located in high-demand rental areas with growth potential.
Gross Annual Income: $113280
Unit Breakdown: 10 units (5 duplexes)
Tenant Stability: Strong rent-roll with primarily long-term tenants ensuring dependable income.
Owner & Property Upgrades:
Owned and maintained by a general contractor, these properties have been meticulously cared for and have undergone significant capital improvements.
Key upgrades include:
Vinyl windows in most properties
New water heaters in nearly all units
Newer furnaces in many properties
New carpets in many units
Recent renovations across multiple properties
Value-Add Opportunity: Many rents remain below market rates, offering potential for increased income through rent adjustments and continued upgrades.
This 13% cap rate portfolio presents a solid investment for those seeking a combination of stable cash flow, low-maintenance properties, and long-term growth.

ATTACHMENTS

portfolio 3 (1)

DATA ROOM Click Here to Access

TAXES & OPERATING EXPENSES (PRO FORMA - 2025)

ANNUAL
Gross Rental Income $351,960
Other Income -
Vacancy Loss $14,042
Effective Gross Income $337,918
Taxes $33,079
Operating Expenses $77,113
Total Expenses $110,192
Net Operating Income $227,726

PROPERTY FACTS

Price $550,000
Price / SF $69.32 / SF
Cap Rate 13.03%
Sale Type Investment
Status Active
Number of Properties 5
Individually For Sale 0
Total Building Size 7,934 SF
Total Land Area 0.56 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
462 Avenue D, Rochester, NY 14621 Land 0.09 AC - -
164-164 1/2 Cady St, Rochester, NY 14611 Multifamily 2,108 SF 1900 -
26 Avenue C, Rochester, NY 14621 Multifamily 2,069 SF 1900 -
1343 N Clinton Ave, Rochester, NY 14621 Multifamily 1,944 SF 1900 -
356 4th St, Rochester, NY 14605 Multifamily 1,813 SF 1880 -
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  • Listing ID: 33791877

  • Date on Market: 11/7/2024

  • Last Updated:

  • Address: 5 property Multi-family portfolio, Rochester, NY