314 Park Avenue, Rochester, NY 14607

Property Description

Excellent investment opportunity in Rochester’s highly desirable Park Avenue neighborhood! This unique 7-unit property features seven spacious 3-bedroom apartments, offering an attractive unit mix in a prime rental location. Two units feature 1.5 baths, with the remaining five offering 1 full bath. Each apartment also includes its own full basement and full walk-up unfinished attic, providing exceptional storage space. The property contains approximately 9,730 square feet and generates scheduled gross rents of $141,216 annually when fully occupied. Tenants pay their own gas and electric utilities; owner pays water. Current Certificate of Occupancy valid through 12/11/2028. Six units are currently occupied with leases in place and one unit is available for immediate rental, providing an opportunity for a new owner to place a tenant at current market rent. Offered at $1,100,000. A rare opportunity to acquire seven 3-bedroom units in the heart of the Park Avenue neighborhood.