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865 Lake Ave

rochester, NY 14613

$1,525,000

  • 19 BR
    approx. 17,600 SF

Interested? Let's Connect

Another Rockin' Rochester Property! Attention investors! This solid brick NINETEEN unit apartment building features all 1 bdrm units (rents averaging $1091/mo) and is the definition of a turn-key, cash flowing asset. Comes with a new Certificate of Occupancy at closing. 100% occupied- offering immediate, reliable income from day one. Even better, most tenants rebts are paid through organizations that provide guaranteed rental payments, delivering consistent cash flow and reduced collection concerns. Thoughtfully maintained with numerous efficiency upgrades including all new windows, energy efficient lighting and a boiler equipped with Tekmar controls for improved heating performance and lower operating costs. Hardwood flooring, luxury vinyl plank flooring, plenty of off street parking, kitchens and baths updated. Convenient access to downtown, public transportation, shopping, restaurants, parks, Maplewood Rose Garden and Ontario Beach Park. This one checks all the boxes with strong occupancy, quality improvements and a great rental income with a $248k gross income!

Details

17,600 Sq Ft

6,098.4 Sq Ft Lot Size

investment

$2,183 Monthly Tax

Built in 1935

MLS/Listing ID R1695874

3 Stories

19 Units

Amenities & Features

Lot - Rectangular Lot

Natural Woodwork

Heating - Gas

Heating - Hot Water

Hardwood

Construction - Brick

Construction - Copper Plumbing

Gas Water Heater

Refrigerator

Public Water

Water

Community Sewer

Flat

Thermal Windows

Parking - Driveway

Parking - No Garage

Lot - Corner Lot

Lot - Near Public Transit

Estimate my mortgage

TOTAL MONTHLY COST

$0

  • PRINCIPAL & INTEREST

    $0

  • PROPERTY TAXES

    $0

  • Common Charges

    $0

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Interested In 865 Lake Ave?