75 Alexander Street, Rochester, NY 14620

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Property Description

Turnkey investment opportunity with a decade-long track record of zero vacancy. Currently rented as a combined unit at $3,850/month. $46,200 gross annual revenue with operating expenses of approximately $11,910/year and an NOI of $34,290, delivering a 9.8% cap rate at the $349,900 list price. New 12-month lease commences July 1st. Income begins immediately. Major capital improvements already completed: all-new electrical service, meters, riser, and panels (2022); high-efficiency furnace - Downstairs Unit (2022); two new water heaters (2023); all-new exterior doors (2022); multiple new windows (2022). Reliable boiler in place - Upstairs Unit. Maintenance-free vinyl siding exterior. Parking for 10+ vehicles. Additional third-floor space offers expansion potential and development upside. Current owner has operated this property with zero lost rent for over ten years. The systems are sound, the tenants are stable, and the income is real. No Delayed Negotiations.

75 Alexander Street | MLS# R1687111

This home located at 75 Alexander Street, Rochester, NY 14620 is currently listed for sale with an asking price of $349,900. This property was built in 1920 and has 7 bedrooms and 4 full and 1 partial baths with 2784 sq. ft. Alexander Street is located in the Williams Tr subdivision within the Rochester school district. Search Williams Tr real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Residential -
Basement: Full
Fireplaces: 2
Heating: Gas, ForcedAir, Radiators
Lot Size: 0.17 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $9,120
Year Built: 1920

Feature Descriptions

Appliances: GasWaterHeater
Days on Site: 1
Exterior: VinylSiding
Flooring: Carpet, Hardwood, Varies, Vinyl
Lot: NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 41X181
Parcel#: 261400-121-560-0002-003-000-0000
Parking: TwoOrMoreSpaces
Parking Notes: TwoOrMoreSpaces
Patio/Porch: Covered, Porch
Sewer: Connected
Units: 2
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Rochester

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Estimated Payment

$ 1,640.78 per month $778.73 Principal & Interest $760.00 Property Tax $102.05 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: Canalside Realty LLC
Agency Phone: 585-314-7203

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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