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6 property Multi-family portfolio 5 Properties Offered at $950,000 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 and one large 4 family for a total of 14 units, located in high-demand rental areas with growth potential.
Gross Annual Income: $173280
Unit Breakdown: 14 units (5 duplexes and one 4 family)
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 12.6% cap rate portfolio presents a solid investment for those seeking a combination of stable cash flow, low-maintenance properties, and long-term growth.
Gross Annual Income: $173280
Unit Breakdown: 14 units (5 duplexes and one 4 family)
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 12.6% cap rate portfolio presents a solid investment for those seeking a combination of stable cash flow, low-maintenance properties, and long-term growth.
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
|
TAXES & OPERATING EXPENSES (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $351,960 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | $14,042 |
| Effective Gross Income | |
|---|---|
| Annual | $337,918 |
| Taxes | |
|---|---|
| Annual | $33,079 |
| Operating Expenses | |
|---|---|
| Annual | $77,113 |
| Total Expenses | |
|---|---|
| Annual | $110,192 |
| Net Operating Income | |
|---|---|
| Annual | $227,726 |
PROPERTY FACTS
| Price | $950,000 | Status | Under Contract |
| Price / SF | $119.74 / SF | Number of Properties | 5 |
| Sale Condition | 1031 Exchange | Individually For Sale | 0 |
| Cap Rate | 12.63% | Total Building Size | 7,934 SF |
| Sale Type | Investment | Total Land Area | 0.56 AC |
| Price | $950,000 |
| Price / SF | $119.74 / SF |
| Sale Condition | 1031 Exchange |
| Cap Rate | 12.63% |
| Sale Type | Investment |
| Status | Under Contract |
| 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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6 property Multi-family portfolio
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