488 Meigs St | Rochester, NY 14607
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488 Meigs St
Rochester, NY 14607
Multifamily Property For Sale · 3 Units
Executive Summary
Welcome to this turn-key opportunity in a prime location! This opportunity includes over $50,000 in upgrades and furnishings! This four-family dwelling is a fantastic investment. It boasts four thoughtfully designed units and three fully furnished apartments with luxury modern and farmhouse finishes! This multi-family rental opportunity generates $6,400 monthly and has room to grow. Whether you invest traditionally or Airbnb/short-term, this property can accommodate either strategy seamlessly.The property has a new transferable C of O issued 10/22/2024 and expiring 10/22/2027. These three fully furnished units include all utilities. The fourth unfurnished unit comes with heat/hot water, and the tenant pays for electricity. All units have access to the on-site laundry facility, and the washer/dryer will start with the property. The well-maintained building offers residents a comfortable living experience. Each unit has been remodeled and designed to feature ample natural light, functional layouts, and modern amenities. The property's exterior showcases a blend of curb appeal and low-maintenance landscaping. Don't miss this opportunity to own a versatile and income-producing property in a desirable location.
PROPERTY FACTS
| Price Per Unit | $173,300 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 3 | Building Size | 4,437 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low Rise | Parking Ratio | 0.9/1,000 SF |
| Price Per Unit | $173,300 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,437 SF |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.9/1,000 SF |
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | 261400-121-580-0004-035-000-0000 | Improvements Assessment | $143,000 |
| Land Assessment | $15,000 | Total Assessment | $158,000 |
PROPERTY TAXES
Parcel Number
261400-121-580-0004-035-000-0000
Land Assessment
$15,000
Improvements Assessment
$143,000
Total Assessment
$158,000
zoning
| Zoning Code | R-2 |
| R-2 |
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