770 Monroe AveRochester, NY 14607

This exceptional investment opportunity presents a well-maintained, six-unit apartment building located at 770 Monroe Avenue in Rochester, New York. The property, built in 1920 and extensively renovated in 2019, boasts 5,500 square feet and features a mix of apartment units and two storefronts. The building is currently 100% occupied, generating a substantial net operating income (NOI) of $54,997. Recent upgrades include new breakfast bars, closets, electrical and plumbing systems, and updated boilers. Some windows have also been replaced. The property benefits from a valid Certificate of Occupancy extending to 2027. One storefront has been occupied by a barbershop for 35 years, providing a stable and long-term tenant. The building is a two-story structure situated on a mixed-use zoned lot, offering flexibility for future development. With a price of $559,000, this represents a compelling price per unit of $93,167 and a strong cap rate of 9.84%. The property's location in the desirable Park Avenue neighborhood of Rochester, Monroe County (population 750,000), near major employers and educational institutions, ensures strong rental demand and long-term value appreciation. This stabilized investment is ideal for those seeking a consistent income stream and significant return on investment. The property's strong occupancy rate and recent renovations minimize immediate capital expenditure needs, allowing for immediate cash flow. This is a turnkey opportunity for a savvy investor.