75 Alexander ST, Rochester, NY 14620
75 Alexander ST, Rochester, NY 14620
75 Alexander ST, Rochester, NY 14620
50
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$349,900
Est. payment /mo
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7 Beds
5 Baths
2,784 SqFt
Pending

75 Alexander ST Rochester, NY 14620

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Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,784 sqft

Price per Sqft $125

Subdivision Williams Tr

MLS Listing ID R1687111

Bedrooms 7

Full Baths 4

Half Baths 1

Construction Status Existing

HOA Y/N No

Year Built 1920

Annual Tax Amount $9,120

Lot Size 7,457 Sqft

Acres 0.1712

Lot Dimensions 41X181

Property Sub-Type Multi Family

Property Description

Turnkey investment opportunity with a decade-long track record of zero vacancy. Currently rented as a combined unit at $3,850/month. $46,200 gross annual revenue with operating expenses of approximately $11,910/year and an NOI of $34,290, delivering a 9.8% cap rate at the $349,900 list price. New 12-month lease commences July 1st. Income begins immediately.

Major capital improvements already completed: all-new electrical service, meters, riser, and panels (2022); high-efficiency furnace - Downstairs Unit (2022); two new water heaters (2023); all-new exterior doors (2022); multiple new windows (2022). Reliable boiler in place - Upstairs Unit. Maintenance-free vinyl siding exterior.

Parking for 10+ vehicles. Additional third-floor space offers expansion potential and development upside. Current owner has operated this property with zero lost rent for over ten years. The systems are sound, the tenants are stable, and the income is real.

No Delayed Negotiations.

Location

State NY

County Monroe

Community Williams Tr

Area Rochester City-261400

Direction North off Alexander

Rooms

Basement Full

Interior

Heating Gas, Forced Air, Radiator(s)

Flooring Carpet, Hardwood, Varies, Vinyl

Fireplaces Number 2

Fireplace Yes

Appliance Gas Water Heater

Exterior

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Porch Covered, Porch

Building

Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot

Foundation Block

Sewer Connected

Water Connected, Public

Structure Type Vinyl Siding

Construction Status Existing

Schools

School District Rochester

Others

Senior Community No

Tax ID 261400-121-560-0002-003-000-0000

Acceptable Financing Cash, Conventional, Other, See Remarks

Listing Terms Cash, Conventional, Other, See Remarks

Special Listing Condition Standard


Listed by Canalside Realty LLC

NEARBY SCHOOL & BUSINESS

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Isaiah Dutcher

Isaiah Dutcher

Licensed Real Estate Salesperson | License ID: 10401322096

+1(607) 435-1588

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75 Alexander ST