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1126 Dewey Ave
37-Unit Value-Add Multi-Family with Upside · Multifamily Property For Sale
·
37 Units
INVESTMENT HIGHLIGHTS
1126 Dewey Avenue is a 94.5% occupied, 37-unit multi-family asset with large units, an income-generating laundry facility, and abundant parking.
Conveniently located just off Route 104 near Downtown Rochester, Walmart Supercenter, Wegmans, Target, Dollar General, and Starbucks.
Primed as a valuable investment opportunity to generate significant revenue through vacancy lease-ups and rent escalations.
Dewey Avenue Apartments sits in a renter-dominated location where 63% of the population occupies renter-occupied households.
PROPERTY FACTS
Sale Condition
Auction Sale
No. Units
37
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low Rise
Building Class
C
Lot Size
0.39 AC
Building Size
26,886 SF
Average Occupancy
94%
No. Stories
3
Year Built
1912
Parking Ratio
0.74/1,000 SF
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
Studios
7
-
600
1+1
29
-
700
2+1
1
-
700
PROPERTY TAXES
Parcel Numbers
Multiple
261400-090-660-0002-047-000-0000
261400-090-660-0002-048-000-0000
Improvements Assessment
$1,220,000
Land Assessment
$95,500
Total Assessment
$1,315,500
