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535 Parsells Ave 12 Unit Apartment Building $895,000 ($74,583/Unit) 8% Cap Rate Rochester, NY 14609
Executive Summary
Strong 12-unit asset in established neighborhood
Stable rental income with $113,088 annual revenue
71,769 potential Net Operating Income
Well-maintained classic brick construction
Value-add potential through unit upgrades
Multiple shopping and recreational amenities nearby
Stable rental income with $113,088 annual revenue
71,769 potential Net Operating Income
Well-maintained classic brick construction
Value-add potential through unit upgrades
Multiple shopping and recreational amenities nearby
Property Facts Under Contract
| Price | $895,000 | Apartment Style | Low-Rise |
| Price Per Unit | $74,583 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 8% | Building Size | 9,208 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Price | $895,000 |
| Price Per Unit | $74,583 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 9,208 SF |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 1.63/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 261400-107-550-0003-048-000-0000 | Improvements Assessment | $400,100 |
| Land Assessment | $37,900 | Total Assessment | $438,000 |
Property Taxes
Parcel Number
261400-107-550-0003-048-000-0000
Land Assessment
$37,900
Improvements Assessment
$400,100
Total Assessment
$438,000
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535 Parsells Ave
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