Three bedroom house City of Rochester, Monroe County, New York, USA 3 Bed Townhouse £58,842 | €65,529 | $79,900 Request a Currency Exchange Quote Here

This huge three bedroom multi unit is a rare find at $79,900..

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Property Attributes

Building Characteristics


Property Features

Garden, Off Street Parking, Outside Space
Property Description ID:41605504

This very nice two apartment multi family home is located in the Josana neighbourhood in
the North West of Rochester, New York.
The property is divided into two large apartments, you have a large two bedroom
apartment downstairs and a large one bedroom apartment upstairs. The tenant downstairs
is paying $725 in rent each month and the tenant upstairs is paying $625 in rent each
month. Both tenants are Section 8 housing so the rent is paid direct to the landlord via the
City of Rochester. The property has new windows, updated mechanicals and kitchen and
bathrooms and also the roof was replaced not long ago. The property has a certificate of
Occupancy with the City dated 24th June 2019 – 1st July 2025. This property is under
management with a great local Rochester property management company.

This property is located in Charles House Area Council / The Josana neighbourhood,
which is in the North West of Rochester, New York. The house is just 1.8 miles from
downtown Rochester. The Josana neighbourhood is an area with a increase in new homes,
mostly owner occupied, which have been added through a partnership between Flower
City Habitat for Humanity and the Rochester Housing Authority.


Investment Calculation

Purchase price: 79,900

Gross annual rental income: $16,200

Property running costs: $4,550
(Tax, insurance and management costs)

Net annual rental income: $11,650

Investment calculation - Net Income divided by Purchase price = NET ROI.

Return on investment: 15%

Break even in 6.6 Years
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