64 South Union Street, Rochester

Description

Presenting an investment opportunity at 64 South Union, Rochester, NY 14607. This prime 5-unit apartment building in Rochester’s East End, a strategic location across from the recently revitalized inner loop area.

The property features three two-bedroom and two one-bedroom units, with separate heat and electric meters for each. Renovated to an excellent standard, recent upgrades include a new tear-off roof in 2023 and a new sewer main to the street in 2022.

The property is in great condition post renovations, with a transferable Certificate of Occupancy valid until April 2029. With a mix of unit sizes, ample parking options including 2 off-street parking spaces, and a total of 5,456 square feet, this building offers a lucrative income stream with solid rental history.

Don’t miss out on this turnkey investment opportunity in a vibrant area with promising potential for growth.

Gross rents are $69,600. Collection history is outstanding. Actual expenses for the last 12 months are: Taxes are $10,540. Insurance is $4,104, Utilities are $850, Water is $905, Trash removal is $832, Repairs is $3,097.

Proof of funds requested with proof of financing before showings. Please allow 48 hours for scheduling. Showings are week days 10am to 3pm please for tenant convenience.

Seller can not hold paper due to an upcoming 1031 exchange.