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
Parcel Number | 262200-144-080-0001-006-121 | Improvements Assessment | $9,159,900 |
Land Assessment | $1,610,700 | Total Assessment | $10,770,600 |
ZONING
Zoning Code | 05 |
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Listing ID: 15527829
Date on Market: 3/23/2019
Last Updated:
Address: 6 Goldenroot Ln, North Chili, NY 14514
The Multifamily Property at 6 Goldenroot Ln, North Chili, NY 14514 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.