221-227 Spencer St

221 Spencer Street, Rochester, NY presents an opportunity to acquire a 5-unit multifamily asset in Rochester’s Edgerton neighborhood, offered at $299,900. This income-producing property features four 2-bedroom apartments and one 1-bedroom apartment, with all utilities separately metered for streamlined management and expense control. Currently generating $4,375 per month in gross rental income, the property offers immediate cash flow with a defined rent roll in place. The Certificate of Occupancy transfers with the sale and is valid through December 2028. Annual operating expenses are reported at approximately $5,403 for taxes, $3,500 for insurance, $632 for water, and $832 for refuse. Please allow 48 hours for showing requests to notify tenants. Please provide a proof of funds statement or a bank term sheet for financing before showings. Showings are weekdays 10 to 3.