410 Gregory Street, Rochester, NY 14620

Property Description

Investment opportunity at 410 Gregory St in Rochester’s 14620! This well-appointed two-family property offers a strong combination of established income, attractive interiors, and long-term tenancy. Both apartments are currently leased through July 31, 2027, providing a new owner with immediate rental income and lease stability. Apartment 1 is a spacious 3-bedroom, 2-bath unit currently rented for $2,100/month, while Apartment 2 offers 2 bedrooms and 2 baths at $1,500/month. Combined scheduled rental income is $43,200 annually. Inside, the property showcases abundant original character complemented by thoughtful updates, including hardwood floors, detailed trim, stylish kitchens with butcher-block counters and open shelving, farmhouse-style sinks, updated baths, and distinctive architectural details. The photos reflect a property that has been improved with both durability and tenant appeal in mind. Seller-reported annual operating expenses include approximately $6,900 taxes, $1,900 insurance, $4,500 utilities, $2,600 maintenance, and $115 in fees, for total expenses of approximately $16,015 and a reported NOI of $27,185. An attractive opportunity for an investor seeking an already-leased multifamily property with established income and a strong unit mix. No delayed negotiations.