1896 Dewey Ave

Calling all investors and owner-occupants to this rare purpose-built 4-unit multifamily in Rochester - A strong cash-flow opportunity and an ideal house-hack! This property has an estimated annual gross income of approximately $52,800. Each unit offers 2 bedrooms and 1 bathroom, plus a living room, dining room, and kitchen. The upper units feature private balconies off the living rooms for additional outdoor space. 3 of the 4 units are ready for new tenants, and most have either hardwood or vinyl flooring. All windows have been replaced throughout the building. The upper left unit is the most recently updated, with a new kitchen, updated bathroom, and new lighting - perfect for an owner-occupant looking to kick-start an investment portfolio while living in one unit and renting out the others. Tenants will appreciate the off-street parking, private backyard, laundry in the basement, and additional storage space in both the basement and the full walk-up attic. All units are separately metered for gas and electric, with 100-amp breaker panels per unit. Mechanical highlights include 4 gas furnaces (2 Ruud high-efficiency and 2 Rheem) and 4 gas hot water heaters (manufactured in 2010, 2014, 2014, and 2019). The property also benefits from a full tear-off roof with OSB decking completed in 2013. Come to the open houses: Thursday 12/11 from 1:30–2:00 PM and Sunday 12/14 from 1:00–2:00 PM. All offers will be reviewed on Monday, December 15th at 11:00 AM.