1176 Monroe Avenue, Rochester, NY 14620

Property Description

5 recently remodeled townhouse style apartments with separate attics, basements and utilities on the corner of Culver Rd and Monroe Ave across from Cobbs Hill Park. Beautiful view of the park. FULLY RENTED always. Plenty of street parking plus owner rents parking spaces across Monroe for tenant parking $250 per month. EXCELLENT CASH FLOW. Annual income $96,180. Expenses including taxes, maintenance, 5% vacancy factor, insurance, water, professional, parking and refuse total $35,593. 8.7% CAP RATE. Tear off roof 3 years or less old. All furnaces 7 or less years old. All porches rebuilt in the last 7 years. OWNER IS IN PROCESS OF GETTING A NEW C of O. Can only be shown Wednesdays and Fridays 2:30-4:00 and Saturdays 11:30-1:00 WITH AN APPOINTMENT YOU CANT JUST SHOW UP. Delayed negotiations until Monday December 8th @ 3pm.