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- LoopNet Team
6 Goldenroot Ln
North Chili, NY 14514
Union Square Apartment Homes · Multifamily Property For Sale
·
260 Units
Investment Highlights
- 260 Unit Newly Developed Multi-family Investment Opportunity In Upsate, NY.
- Spacious, Upscale 1, 2 and 3-Bedroom Units with Granite Counter Tops, Stainless Steel Appliances, Washer & Dryer, Patios or Balconys.
- Close To Interstate Highway and Shopping Centers.
- 10 Miles from Rochester, NY Central Business District.
- Upscale Amenities Include Clubhouse, Fitness Center, Swimming Pool, and Attached Garages.
Property Facts
| No. Units | 260 | Lot Size | 25.86 AC |
| Property Type | Multifamily | Building Size | 194,616 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 2016/2020 |
| Building Class | B | Parking Ratio | 1.88/1,000 SF |
| Zoning | 05 - COMME - 411 - Apartment | ||
| No. Units | 260 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 25.86 AC |
| Building Size | 194,616 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2016/2020 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | 05 - COMME - 411 - Apartment |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Ice Maker
- Refrigerator
- Stainless Steel Appliances
- Range
- Walk-In Closets
- Carpet
- Dining Room
- Pantry
- Patio
Site Amenities
- Clubhouse
- Courtyard
- Fitness Center
- Pool
- Wi-Fi
- Conference Rooms
- Sundeck
About 6 GOLDENROOT LN , NORTH CHILI, NY 14514
Exciting 260 Unit Multi-family (Garden/Low Rise) investment opportunity in the Town of Chili, a suburb of Rochester, NY, just 10 miles from Rochester’s Downtown Central Business District. Phase 1 of this development was built in 2016 and consists of 117 units located on 11.13 acres. Currently, 116 units (99%) are occupied. Phase 1 consists of 13 apartment buildings with a unit mix of 26 one-bedrooms, 65 two-bedrooms and 26 three-bedrooms plus a gorgeous clubhouse/fitness center building and in-ground pool. The apartments are spacious ranging from 844 SF to 1,276 SF and have bright, open floor plan. The dining area opens to a patio or balcony. Upscale features include stainless steel appliances, granite counter tops, and washers and dryers and attached garages. Phase 2 of the project is underway and is expected to be completed in mid-2020. This Phase has 17 buildings with 143 units on 14.73 acres. The unit mix is 30 one-bedrooms, 98 two-bedrooms and 15 three-bedrooms and shares the clubhouse, fitness center and in-ground pool amenities. There are 98 attached garages and adequate surface parking. Demand for Phase 2 has been strong. A purchase and acquisition can be completed on Phase 1 immediately. Purchase of Phase 2 can occur when that Phase is completed and stabilized with over a 90% occupancy. Owners prefer to sell both Phases to the same entity. However, they will consider alternative options of acquisition. Full financial information and appraisal reports will be provided upon receipt of a confidentiality agreement signed by a principal.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 56 | - | 844 - 902 |
| 2+2 | 163 | - | 1,000 - 1,246 |
| 3+2 | 41 | - | 1,276 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $28,052,600 | |
| Land Assessment | $3,746,600 | Total Assessment | $31,799,200 |
Property Taxes
