201 Lake Avenue, Rochester

Description

Another Rockin’ Rochester Property! Must be sold with 189 -199 Lake, MLS #R1712924 This well-maintained multi-unit brick building offers a strong mix of apartments and recent updates, making it an excellent investment opportunity. A newer boiler installed in 2023 ensures efficient heating, while the 15-year-old roof provides peace of mind for years to come. Residents enjoy the convenience of an on-site, coin-operated laundry. The property features a thoughtful unit layout across three floors. The third floor includes three one-bedroom apartments, two located in the rear and one in the front. The second floor offers four spacious one-bedroom units along with a studio apartment. On the first floor, you’ll find two one-bedroom apartments—one with an inviting open front porch and another with a charming side porch— plus an additional studio unit. Units 1-8 pay cooking gas only (LL pays heat & electric). Units 9-11 pay their own gas and electric. With a balanced mix of one-bedroom and studio apartments, along with valuable updates and tenant-friendly amenities, this property could make a solid long-term addition to any investment portfolio. Seller may consider finance with 50% down, 8% interest, 30 year term, balloon in 5 years. This is a duplicate listing as commercial/industrial R1718719.