1768-1780 Saint Paul St
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1768-1780 Saint Paul St
31 Unit Apartment Building $1,350,000 ($43,548/Unit) 12% Cap Rate Rochester, NY 14621
Executive Summary
Introducing an exciting investment opportunity in Rochester, NY! 1780 Saint Paul presents a 31-unit package featuring multiple buildings across a dynamic location. This package includes a mix of one-bedroom and studio units, with some government-assisted tenants in place. All units are on leases, ensuring stable income flow. The property boasts a gross potential rent of $25,201 per month, offering significant revenue potential. With a favorable cap rate, this investment opportunity is priced attractively at $1,350,000. The property benefits from transferable or new Certificates of Occupancy, setting the stage for a seamless ownership transition. Consider splitting the package for added flexibility. Explore the vibrant community of Rochester with its thriving education and employment sectors, making it an attractive locale for tenants. Don't miss out on this promising investment at 1780 Saint Paul Street, Rochester, NY 14621. Reach out for more details and take advantage of this lucrative real estate offering.
Property Facts Under Contract
| Price | $1,350,000 | Apartment Style | Low Rise |
| Price Per Unit | $43,548 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.10 AC |
| Cap Rate | 12% | Building Size | 24,198 SF |
| Gross Rent Multiplier | 4.5 | Average Occupancy | 100% |
| No. Units | 31 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | $1,350,000 |
| Price Per Unit | $43,548 |
| Sale Type | Investment |
| Cap Rate | 12% |
| Gross Rent Multiplier | 4.5 |
| No. Units | 31 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 24,198 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 31 | - | - |
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Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 261400-091-530-0001-018-000-0000 | Improvements Assessment | $401,400 |
| Land Assessment | $54,600 | Total Assessment | $456,000 |
PROPERTY TAXES
Parcel Number
261400-091-530-0001-018-000-0000
Land Assessment
$54,600
Improvements Assessment
$401,400
Total Assessment
$456,000
zoning
| Zoning Code | R-1 Low Density Res (The R-1 District is a distinct urban area that is characterized predominantly by owner-occupied, single-family detached and attached homes.) |
| R-1 Low Density Res (The R-1 District is a distinct urban area that is characterized predominantly by owner-occupied, single-family detached and attached homes.) |
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1768-1780 Saint Paul St
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