This very large three apartment multi family home is located in Group 14621 in the North East
of Rochester, New York.
The property is divided into three large apartments, you have a large three bedroom apartment
downstairs and a large three bedroom apartment upstairs. There is also a singe one bedroom
apartment at the rear of the property. The downstairs apartment has just become vacant, has
beautiful hard wood floors and is rental ready, The management company will place a brand
new tenant when the new owner closes on the property paying $800 – $900 in rent each month.
The upstairs apartment has a long term tenant in place, the City of Rochester pays the rent of
$900 each month. The rear one bedroom apartment also has a long term tenant in place
paying $450 in rent each month.
This property is located in Group 14621, which is in the North East of Rochester, New York. The
house is just 1.9 miles from downtown Rochester. The house is also a short walk to the very
well respected Roberto Clemente School.
Purchase price: 95,900
Gross annual rental income: $27,000
Property running costs: $6,166
(Tax, insurance and management costs)
Net annual rental income: $20,834
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 22%Break even in 4.54 Years