61 Myrtle Street, Rochester

Description

This vacant 3-bedroom/1-bathroom, 1,225 sq ft home offers the potential to generate an 11%+ cap rate and roughly a 25%+ cash-on-cash return once rented, making it a PRIME opportunity for investors looking to add a solid performer to their portfolio! Located in the Lyell-Otis neighborhood, the property is rent-ready without the need for major upfront renovations ** Major mechanicals and exterior items are already taken care of, including a 2-year-old architectural shingle roof & gutters with a transferable 10-year warranty, a 5-year-old hot water tank, high-efficiency furnace, and an updated electric panel ** The home also features newer vinyl siding, newer vinyl windows throughout, and glass block basement windows for added efficiency and security. Inside, you will find durable vinyl flooring throughout most of the home, along with a spacious kitchen, formal dining room, and the added convenience of first-floor laundry.
For investors, it is a straightforward add with strong return potential. For owner-occupants, it is a chance to step into a home with updates already handled and room to build equity over time. Current Certificate of Occupancy expires 12/2029. Don’t miss out on this opportunity!