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$397,000
3 Beds
- -- Bath
4,672sqft
91 Wellington Ave W, Rochester, NY 14611
$397,000
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Multi Family
Built in 1925
$-- HOA
0.21 acre lot
$85/sq.ft
Description
91 Wellington Avenue is a stabilized 6-unit multifamily property located in Rochester, New York, offering strong in-place cash flow at a compelling basis. The property consists of 3 studios, 2 one-bedroom units, and 1 two-bedroom unit, supported by 8 total bathrooms, allowing for functional layouts and tenant flexibility.The building generates $69,600 in annual gross rent with a Net Operating Income of approximately $58,023, translating to an attractive 14.6% cap rate at the $397,000 asking price. Expenses are straightforward and conservative, with tenants paying all utilities except water.
This asset is well-suited for investors seeking immediate yield, stable income, a...
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1925
HOA Fees
-
Finished Area
4,672 sqft
Lot Size
0.21 acre lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
R1656304
MLS Status
Active
Days on Market
63
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