1001 Portland AveRochester, NY 14621

Property Details for 1001 Portland Ave

Year built

1920

Lot size

0.16 AC

Property size (Sq ft)

4,969 SF

Property type

Other commercial real estate

Description

This exceptional investment opportunity presents a mixed-use property ideally situated on a corner lot at 1001 Portland Avenue in Rochester, New York. The building encompasses a total of 4,969 square feet and sits on a 0.16-acre parcel. The property's income-generating potential is highlighted by its current configuration: one street-level commercial storefront and three residential apartments. The apartment layout includes two one-bedroom units and one two-bedroom unit. Currently, the two-bedroom apartment and the commercial storefront are occupied by tenants, providing immediate rental income. This translates to a strong cash flow for the astute investor. Further enhancing the property's value are two recently installed hot water tanks, both put in place within the current year, minimizing potential maintenance expenses and ensuring efficient operation. The property's corner location offers excellent visibility and accessibility, making it an attractive proposition for both commercial tenants and residents. This is a rare opportunity to acquire a well-maintained, income-producing property in a desirable Rochester location. The asking price is $189,900. Serious inquiries are encouraged.

Location Insight

City

Rochester

County

Monroe

State

New York

Latitude

43.1841

Longitude

-77.5848

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