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FINALLY AVAILABLE

21 UNIT INVESTMENT OPPORTUNITY 

BASED IN


Rochester, NY

21 APARTMENTS


Massive Add Value

OFFERED AT


$995,000

PRO FORMA FINANCIALS

GROSS ANNUAL RENT           $155,640
LAUNDRY                                       $2,400
GROSS MONTHLY RENT           $12,970

ANNUAL NET                            $114,905
TAXES                                          $27,296 
UTILITIES                                       $6,867
INSURANCE                                  $4,099
WATER                                           $2,915
REFUSE                                         $1,958

TOTAL                                           $43,135
PURCHASE PRICE                   $995,000
PRICE PER UNIT                         $47,380
CAP RATE*                                       11.5%

ANNUAL NET                            $114,905

*CAP RATE does not include maintence or management.

Welcome to 950 Bay Street!


This VERY RARE Beautiful Brick Apartment Building with Courtyard has been in the same family for over 40 years. 21 Units - All Under 1 Roof- Located in the Homestead Heights Neighborhood.

Consists of (4) Studios, (16) 1 Bedrooms, and (1) 2 Bedroom Apartment.

Massive “Add Value” Opportunity - Rents have not been raised much since 1980. Includes Coin - Op Laundry that adds Income. Mechanicals and Roof are in Excellent Condition!

No Public Assistance is Accepted. Many Long term Tenants. Comes With Brand New C of O. Great Opportunity for the right Investor(s)!

Don’t Miss this one!

1 Building

New C of O

21 Units

4 Studios, 16 1BR, 1 2BR

Long Term Tenants

No Public Assistance Accepted

Brick Building

Low Maintenance

Features & Highlights


Beautiful Building with Courtyard


Homestead Heights Neighborhood


Across the street from Rec Center and School


Exterior Brick Construction


Mechanicals and Roof in Excellent Condition


Additional Laundry Income

  • WE MAKE IT EASY
    Every Step of the way we simplify the process and help you make educated financial decisions
  • QUALITY AND PROFESSIONAL SERVICE
    We are reliable, responsible, and we care. Your satisfaction and loyalty is always important to us
  • OUR TEAM TAKES CARE OF YOU
    Our team is on it! We stay ahead of the transaction and handle all communication every step of the way

CALL JESS (585) 747-3791

If you want to purchase or sell property in the Rochester area, our team can help you navigate your real estate investments to fit your needs. We understand the market and know Rochester like the back of our hand. We provide area information, market updates, on/off market deals to our clients and quality service to help to ensure that you are well taken care of every step of the way. 

CURRENT FINANCIALS

GROSS ANNUAL RENT           $120,840
LAUNDRY                                      $1,800
GROSS MONTHLY RENT           $10,070

ANNUAL NET                              $79,505
TAXES                                          $27,296 
UTILITIES                                       $6,867
INSURANCE                                  $4,099
WATER                                           $2,915
REFUSE                                         $1,958
 

TOTAL                                           $43,135
PURCHASE PRICE                   $995,000
PRICE PER UNIT                         $47,380
CAP RATE*                                          8.0%

ANNUAL NET                              $79,505

*CAP RATE does not include maintence or management.

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When it comes to Real Estate the Team at Elevate Realty Group gets it done! Click below to work with us!

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