445 Post Ave., Rochester, NY
Multi-family for Sale - $575,000 - 10,810 Sq. Ft. on 0 acres
Property Info
| CIMLS# | 119853 |
| Location 445 Post Ave. Rochester NY 14620 | |
| Updated | March 22nd, 2011 |
| Type | Multi-family |
| Price | $575,000 |
| Building | 10,810 Sq. Ft. |
| Land | 0 acres |
Property Description
*SOLD* Rare offering! Well maintained 18 unit apartment building located in residential neighborhood near U of R and airport. Easy to rent apartments 12 one bedrooms; 4 two bedrooms; 2 studios. Building is in excellent condition; 12 units fully updated; 4 units partially updated; Separate meters (gas and electric); New CofO October 2009; Coin operated laundry; Updates include: exterior paint (
Financials
445 Post Ave., Rochester, NY 14619
The Seville (18 Units)
$575,000
Income/Expense Report
INCOME:
Annual Gross Income: $113,880
Additional Income (Laundry):$1,427 Effective Gross Income: $115,307
Vacancy Factor (5%): -$5,694
Adjusted Gross Income: $109,613
EXPENSES: Taxes: $14,386
Insurance: $2,949
RGE: $9,952
Maintenance/ Repairs: $5,718
Water: $1,836
Garbage Removal:$979
Management*: $3,674
Total Expenses: $39,494
* Management = On-site Manager, Advertising, Screening
NET OPERATING INCOME: $70,119
PRICE: $575,000(Cap Rate = 12%)
