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1075 Genesee

1075 Genesee St, Rochester, NY 14611, USA

IDK

Howard Hanna

Pending

$314,900

Property Type

5-Unit

Date Listed

9/20/21

Lease Expiration

2022

ELEVATE SCORE

Year Built

1911

Size

3,034 sqft

Lot Size

10,008 sqft

9

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NOTES FROM OUR EXPERT

Want a great investment property with steady payers and no vacancy? Own your own mini dorm! This place is fully rented with all new 1-year leases walking distance to the U of R.

FINANCIALS

Income

Gross Annual Rent

$49,560

Laundry

$720

Total

$49,560

Expenses

Taxes

Water*

Insurance*

Refuse

Utilities

$6,372

$704

$1,948

$524

$2,963

Total

$13,393

*Estimated base on local knowledge of similar property types

Current

Purchase Price

$314,900

Cap Rate

11.49%

Annual Net

$36,167

Pro Forma

Purchase Price

$314,900

Cap Rate

12.36%

Annual Net

$38,927

*Cap Rate does not include maintenance or management

Location

7

Occupancy

10

Financial

9

Condition

8

Maintenance

7

Tenants

7

Property Location

1075 Genesee St, Rochester, NY 14611, USA

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OUR PROMISE

  • WE MAKE IT EASY

Every Step of the way we simplify the process and help you make educated financial decisions.

  • QUALITY AND PROFESSIONAL SERVICE

We are reliable, responsible, and we care. Your satisfaction and loyalty is always important to us.

  • OUR TEAM TAKES CARE OF YOU

Our team is on it! We stay ahead of the transaction and handle all communication every step of the way

Call today (585) 502-9290

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Testimonials

My experience working with Jess was great! I was very satisfied with the timely responses and attention to details. Jess was experienced and was very helpful in explaining the home purchasing process. This was helpful to me since  it has been many years since my last home purchase. The home buying atmosphere is very competitive at this time. Jess helped me understand the current conditions and made the process less stressful.

 

I recommend Jess to anyone who is looking into real estate.

M. Sinacola | Rochester, NY

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31 North Realty Group / ELEVATE

1173 Pittsford Victor Rd Suite 200

Phone: (585) 502-7070

Email: admin@elevateupstate.com

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31 North Realty Group / ELEVATE is a licensed Broker in the state of New York and is a leading authority on Rochester, Finger Lakes, and Surrounding area real estate. Our love for the communities we live and work in are why we do what we do. We would love to get to know you and help you reach your goals. 

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© 2024 31 NORTH REALTY GROUP / ELEVATE PITTSFORD, NY

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