NOTES FROM OUR EXPERT
2 properties in a very desirable location for tenants. Great setup, large common parking area. Both roofs have architectural shingles and appear to be in good condition. Low maintenance. Some furnace/water heaters are a bit dated. New C of O that is good for 6 years. Overall these are lower maintenance, great income producing properties.
FINANCIALS
Income
Gross Annual Rent
$50,400
Total
Expenses
Taxes
Water*
Insurance*
$5,516
$560
$1,100
Total
*Estimated base on local knowledge of similar property types
Current
Purchase Price
$339,800
Cap Rate
12.72%
Annual Net
$43,224
Pro Forma
Purchase Price
$339,800
Cap Rate
14.84%
Annual Net
$50,424
*Cap Rate does not include maintenance or management
Location
9
Occupancy
10
Financial
9
Condition
8
Maintenance
8
Tenants
9
Property Location
99 Paige St, Rochester, NY 14619, USA
OUR PROMISE
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WE MAKE IT EASY
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QUALITY AND PROFESSIONAL SERVICE
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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
