24 Kenwood Ave, Rochester, NY 14611

Description

Fantastic investment or owner-occupant opportunity in the heart of Rochester’s historic 19th Ward! This turnkey, two-unit multifamily property at 24 Kenwood Avenue offers exceptional flexibility and immediate upside potential with rents currently well under market value for the area. The second-floor unit is meticulously maintained and owner-occupied, while the main level generates steady income with two tenants renting individual rooms at $500.00 each (utilities included) for a total of $1,000.00 per month. The property boasts an annual gross income of $12,000.00 against low annual operating expenses of just $8,000.00. Maximizing tenant independence is effortless thanks to separate utility meters, separate furnaces, and separate hot water tanks for each unit, alongside convenient shared laundry facilities located in the basement. Outside, you will find ample off-street parking and a highly desirable two-car detached garage. Don't miss your chance to view this high-potential property during the scheduled group showings on Thursday, May 27th from 4:00 PM to 7:00 PM, Saturday, May 30th from 4:00 PM to 7:00 PM, and Monday, June 1st from 4:00 PM to 7:00 PM. Delayed negotiations will take place on Tuesday, June 2nd at 12:00 PM Noon.