177 Alameda Street, Rochester

Description

Destination Properties Presents a rare turnkey multifamily opportunity delivering immediate income stability, modern updates, and meaningful upside potential, all in one highly desirable package. This well maintained property features two apartments: a 1 bed, 1 bath unit and a 2 bed, 1 bath unit, offering exceptional flexibility for both owner occupants and investors alike. The downstairs unit benefits from a long term tenant, providing proven stability and a consistent rental history. The upstairs 2 bed has been fully remodeled and presents strong market rate rental potential, or the perfect opportunity for an owner occupant to offset their mortgage with rental income. Recent improvements include a freshly painted exterior and a beautifully updated upper unit, delivering a clean, modern, move in ready experience with minimal maintenance required. The upstairs unit features an enclosed porch, perfect for personal enjoyment, or easily converted into a dedicated home office space. The downstairs tenant also enjoys a covered front porch, adding comfort and outdoor living appeal. Both units separate entrances, ensuring seamless independence and enhanced privacy for each occupant. The property also offers ample off street parking, usable yard space, and a 3 car garage for additional storage or rental income, rare features that set this asset apart in today’s market. Major mechanical systems have been updated, including newer furnace and water heaters, offering peace of mind and reducing future capital expenses. The property has been consistently and professionally maintained through ongoing property management. Destination Properties offers a seamless opportunity for investors seeking a hands off acquisition property management can be continued post closing, with terms available upon discussion. A well positioned investment delivering day one performance with strong long term growth potential, making it an exceptional addition to any portfolio or an ideal entry point for those beginning their journey into multifamily ownership. As an added opportunity, the neighboring property at 183 Alameda St is also available for purchase. Offers Due Thursday July 23rd at 3PM.