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511-515 Dewey Ave 6 Unit Apartment Building $279,900 ($46,650/Unit) 19% Cap Rate Rochester, NY 14613
INVESTMENT HIGHLIGHTS
- Separate utilities.
- 6 Residential Units, Fully Rented
- Recently renovated
- New Certificate of Occupancy
- Plenty of off street parking
EXECUTIVE SUMMARY
Turnkey 8-unit mixed-use building is ready to make you rich! 6 apartments and 2 store fronts, all ready to cash flow. Fully renovated and a new Certificate of Occupancy will be provided at closing. 6 apartments are currently rented and generating $5,250 gross monthly income, $63k annually! Residential units consist of 4 - 1 bedroom apartments and 2 - 2 bedroom apartments. There are also 2 vacant store fronts ready to be rented for additional income. Separate utilities throughout, including house meters for electric and gas. High demand location, bordering Maplewood, Edgerton and Lyell-Otis neighborhoods. Don't miss out on this investment opportunity of a lifetime!
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $850.00 | - |
| 2+1 | 2 | $925.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 261400 105.34-3-70.001 | Total Assessment | $295,200 (2024) |
| Land Assessment | $11,900 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $283,300 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
261400 105.34-3-70.001
Land Assessment
$11,900 (2024)
Improvements Assessment
$283,300 (2024)
Total Assessment
$295,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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511-515 Dewey Ave
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