45 Kenwood Ave, Rochester, NY 14611

Description

Exciting Rochester Investment Opportunity!

Welcome to 45 Kenwood Ave, a multi-family property with plenty of potential, offering a fantastic opportunity for investors looking to add character, cash flow, and long-term income to their portfolio. Even better, this property can also be purchased together with the four-unit property next door at 33 Kenwood Ave (R1705754), creating an exciting opportunity to own two neighboring income-producing properties.Both being offered as a package for $404,000.

This property features four apartments, including two 2-bedroom apartments and two 1-bedroom apartments, each offering its own unique charm. Throughout the building, you’ll find many of the original details that give this property its timeless Rochester character and classic architectural features that are increasingly difficult to find.

The current rents are $950, $750, $800, and $950 per month, providing $3,450 in gross monthly rental income, or $41,400 annually, with immediate cash flow from established tenants. Each unit has separate electric and gas, offering a practical setup for managing operating expenses.

Whether you’re an experienced investor looking to expand your portfolio or someone looking to make their first multi-family investment, 45 Kenwood Ave offers plenty of potential and the possibility to acquire the neighboring 33 Kenwood Ave as well, this is an opportunity worth taking a closer look at.

Come see what these Kenwood Avenue properties could add to your portfolio!
Tenant occupied and needs 48hr notice to show. Please give 24 hours for life of offer.