865 Lake Avenue

About this home

Another Rockin' Rochester Property!Back on market 10/14! Your second chance at a great money maker! Attention investors! This solid brick NINETEEN unit apartment building features all 1 bdrm units (rents averaging $1091/mo) and is the definition of a turn-key, cash flowing asset. Comes with a new Certificate of Occupancy at closing. 100% occupied- offering immediate, reliable income from day one. Even better, most tenants rebts are paid through organizations that provide guaranteed rental payments, delivering consistent cash flow and reduced collection concerns. Thoughtfully maintained with numerous efficiency upgrades including all new windows, energy efficient lighting and a boiler equipped with Tekmar controls for improved heating performance and lower operating costs. Hardwood flooring, luxury vinyl plank flooring, plenty of off street parking, kitchens and baths updated. Convenient access to downtown, public transportation, shopping, restaurants, parks, Maplewood Rose Garden and Ontario Beach Park. This one checks all the boxes with strong occupancy, quality improvements and a great rental income with a $248k gross income! This is a duplicate listing as commercial/industrial R1718719.

Interior features

• Natural Woodwork

Exterior features

• Blacktop Driveway

Appliances

• Gas Water Heater
• Refrigerator

Mechanical

Schools

Tax & finance

Location

Rochester, NY 14613 · Monroe County

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