571 Lake Avenue, Rochester, New York 14613, Rochester, New York 14613
Square Footage : 28,224 Sqft
Visits : 5 in 34 days
$1,095,000
Features
Heating System :
Other, Gas, Forced Air, See Remarks
Cooling System :
Other, See Remarks
Basement :
Full
Appliances :
Gas Water Heater, See Remarks
Community Features :
Other, See Remarks, Laundry Facilities
Parking Features :
No
Pool Expense : $0
Roof :
Other, See Remarks
Sewer :
Connected
Address Map
State :
NY
County :
Monroe
City :
Rochester
Zipcode :
14613
Street : 571 Lake Avenue, Rochester, New York 14613
Floor Number : 0
Longitude : W78° 22' 11.3''
Latitude : N43° 10' 30.8''
MLS Addon
Office Name : Rich Realty
Association Fee : $0
Bathrooms Total : 0
Building Area : 28,224 Sqft
CableTv Expense : $0
Construction Materials :
Brick
Electric Expense : $0
Exterior Features :
See Remarks
Flooring :
Ceramic Tile, Hardwood, Varies
Internet Address Display : 1
Internet Listing Display : 1
SyndicateTo : Realtor.com
Listing Terms : Cash
Lot Features :
Rectangular, Near Public Transit, Rectangular Lot
LotSize Dimensions : 76X206
Maintenance Expense : $0
Parcel Number : 261400-105-350-0003-018-000-0000
Special Listing Conditions :
Standard
Stories Total : 3
Subdivision Name : Mc Crackenville & Street
Utilities :
Sewer Connected, Water Connected
Property Description
Introducing a prime investment opportunity in the heart of Rochester, NY – 571 Lake Ave. This 23-unit brick apartment building with 4 storage garages offers immense potential for rental income growth. Built in 1910, the property features a mix of units including 1 studio, 18 one-bedroom, and 4 two-bedroom apartments over 18,816 square feet. Currently, the rents are significantly below market value, presenting a unique opportunity for a savvy investor to enhance cash flow.
With separate utilities, a solid payment history from all cash tenants, and the potential to increase rents and utilize the garage units, this property is a lucrative find. The location benefits from strong demand, with tenants appreciating the proximity to amenities and easy access to the vibrant Rochester community. Don’t miss out on the chance to own a piece of Rochester’s real estate market with 571 Lake Ave.
Cap does not include potential income from garage units. Also does not include management/vacancy or repair assumption. Proof of funds and proof of financing requester before all showings. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.
