183 Alameda Street, Rochester

Description

Destination Properties Presents a rare turnkey multifamily opportunity delivering immediate income, strong cash flow, and meaningful upside potential all in one highly desirable package. This well maintained property features two spacious 2 bed, 1 bath apartments, both currently occupied with tenants paying below market rate rents but providing immediate income from day one while still offering room for rental growth. Both units feature durable hardwood and luxury vinyl flooring throughout, creating an attractive, low maintenance living environment. The first floor apartment offers a desirable butlers pantry off the kitchen, a covered front porch, and a wheelchair accessible ramp, enhancing both functionality and accessibility. The second floor apartment enjoys a private covered rear porch, providing additional outdoor living space and tenant appeal. Each unit benefits from private entrances, allowing for enhanced privacy and independent living. The property also offers ample off street parking and usable outdoor space, features that continue to drive tenant demand and long term desirability. Major mechanical systems have been updated, including newer furnaces and water heaters, helping reduce future capital expenditures and providing peace of mind for the next owner. The property has been consistently and professionally maintained through ongoing property management, ensuring it remains in operational condition. 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 opportunity for those looking to establish a foothold in real estate. As an added opportunity, the neighboring property at 177 Alameda St is also available for purchase. Properties may be acquired individually or as a package, presenting a chance to scale an existing portfolio, increase unit count, and capitalize on operational efficiencies through adjacent ownership. Offers Due Thursday July 23rd at 3PM