2600 Dewey AVE Rochester, NY 14616
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 45,000 sqft
Price per Sqft $122
Subdivision Town Lt
MLS Listing ID R1700623
Construction Status Existing
HOA Y/N No
Year Built 1970
Annual Tax Amount $87,242
Lot Size 1.090 Acres
Lot Dimensions 1X1
Property Sub-Type Other
Property Description
Comprised of five brick buildings totaling approximately 44,724 square feet, the property features a desirable mix of 40 one-bedroom and 16 two-bedroom apartments....
Extensively upgraded, Willow Gardens has seen significant recent capital improvements, including 11 brand-new boilers, 10 new water tanks, new windows, glass block, and new slider doors to exterior decks. Approximately 45 units have been renovated with new kitchens, bathrooms, flooring, and more, while all common areas have also been upgraded....
Roofs were replaced approximately 10 years ago with 30-year asphalt shingles. Positioned north of Ridge Road between McCall and Stone, the asset benefits from a strong Rochester-area rental market....
Current gross monthly rents are approximately $60,010, with projected annual rental income of $720,120 and a pro forma NOI of $540,000 before management/vacancy and repair assumption. Huge value add when you bring rents up to market....
The property is 2 parcels. Tax address is 2594-2609 Dewey and 2610-2638 Dewey.
Bank term sheet from a local bank requested for more information and before showings. Please allow 48 hours for seller to notify tenants for showings. Rent roll and expense information available after submission of bank term sheet or proof of funds if cash purchase.
Cash or your own mortgage please. Seller can not hold paper.
Location
State NY
County Monroe
Community Town Lt
Area Rochester City-261400
Direction From Barnard, turn south. Property on your left
Rooms
Basement Full
Interior
Heating Gas, Hot Water
Flooring Other, See Remarks
Fireplace No
Appliance Gas Water Heater, See Remarks
Exterior
Exterior Feature Blacktop Driveway
Community Features Other, See Remarks
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Irregular Lot, Residential Lot
Story 4
Sewer Connected
Water Connected, Public
Structure Type Brick,Frame,Other
Construction Status Existing
Schools
School District Rochester
Others
Senior Community No
Tax ID 261400-075-410-0002-031-000-0000
Acceptable Financing Cash, Other, See Remarks
Listing Terms Cash, Other, See Remarks
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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