768-772 Monroe Ave
Rochester, NY 14607
Retail Property For Sale

Introducing an investment opportunity at 770 Monroe Ave, Rochester, NY 14607, this 6-unit mixed-use apartment building boasts 2 storefronts and 4 apartments in the desirable Park Avenue neighborhood. With a total of 5,320 square feet, this property features recent renovations in 2019, including the addition of breakfast bars, closets, and upgrades to electrical and plumbing systems. All units are fully rented with strong rental histories, providing a stable income stream. The property includes a barbershop that has been a longtime tenant for 35 years. With a brand-new Certificate of Occupancy valid until 2027, updated boilers and some new windows, this investment is primed for success. Projections show a Net Operating Income of $42,997 after management vacancy and repair assumptions have been deducted, making it an attractive investment opportunity. Located in Monroe County, with a population of 750,000, and close to esteemed educational institutions and major employers, this property is a must-see for savvy investors seeking a solid income-producing asset.