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6 Goldenroot Ln
North Chili, NY 14514

Union Square Apartments Apartment Homes · Multifamily Property For Sale · 260 Units

INVESTMENT HIGHLIGHTS

  • 260 Unit Newly Developed Multi-family Investment Opportunity In Upsate, NY.
  • Spacious, Upscale 1, 2 and 3-Bedroom Units with Granite Counter Tops, Stainless Steel Appliances, Washer & Dryer, Patios or Balconys.
  • Close To Interstate Highway and Shopping Centers.
  • 10 Miles from Rochester, NY Central Business District.
  • Upscale Amenities Include Clubhouse, Fitness Center, Swimming Pool, and Attached Garages.

PROPERTY FACTS

No. Units 260
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class A
Lot Size 11.13 AC
Building Size 277,131 SF
No. Stories 2
Year Built 2020
Parking Ratio 1.88/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Disposal
  • Microwave
  • Washer/Dryer
  • Ice Maker
  • Refrigerator
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets
  • Carpet
  • Dining Room
  • Pantry
  • Patio

SITE AMENITIES

  • Clubhouse
  • Courtyard
  • Fitness Center
  • Pool
  • Wi-Fi
  • Conference Rooms
  • Sundeck

ABOUT 6 GOLDENROOT LN , NORTH CHILI, NY 14514

Exciting 260 Unit Multi-family (Garden/Low Rise) investment opportunity in the Town of Chili, a suburb of Rochester, NY, just 10 miles from Rochester’s Downtown Central Business District. Phase 1 of this development was built in 2016 and consists of 117 units located on 11.13 acres. Currently, 116 units (99%) are occupied. Phase 1 consists of 13 apartment buildings with a unit mix of 26 one-bedrooms, 65 two-bedrooms and 26 three-bedrooms plus a gorgeous clubhouse/fitness center building and in-ground pool. The apartments are spacious ranging from 844 SF to 1,276 SF and have bright, open floor plan. The dining area opens to a patio or balcony. Upscale features include stainless steel appliances, granite counter tops, and washers and dryers and attached garages. Phase 2 of the project is underway and is expected to be completed in mid-2020. This Phase has 17 buildings with 143 units on 14.73 acres. The unit mix is 30 one-bedrooms, 98 two-bedrooms and 15 three-bedrooms and shares the clubhouse, fitness center and in-ground pool amenities. There are 98 attached garages and adequate surface parking. Demand for Phase 2 has been strong. A purchase and acquisition can be completed on Phase 1 immediately. Purchase of Phase 2 can occur when that Phase is completed and stabilized with over a 90% occupancy. Owners prefer to sell both Phases to the same entity. However, they will consider alternative options of acquisition. Full financial information and appraisal reports will be provided upon receipt of a confidentiality agreement signed by a principal.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 56 - 844 - 902
2+2 163 - 1,000 - 1,246
3+2 41 - 1,276

PROPERTY TAXES

ZONING

Zoning Code 05
  • Listing ID: 15527829

  • Date on Market: 3/23/2019

  • Last Updated:

  • Address: 6 Goldenroot Ln, North Chili, NY 14514