123 Cady StRochester, NY 14608
- Residential income properties
- 17,587 SF
Property Details for 123 Cady St
- Property size (Sq ft)
- 17,587 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional investment opportunity presents a portfolio of twelve single-family rental properties located throughout Rochester, NY, in Monroe County. The portfolio boasts a total of 17,587 square feet and commands a compelling asking price of $900,000, translating to a price per square foot of $51.17 and a price per unit of $75,000. The properties are all free and clear, meaning there are no existing mortgages, offering significant financial flexibility for the new owner. The portfolio generates a substantial net operating income (NOI) of $135,281, resulting in an attractive cap rate of 15.03%. Individual property addresses are diverse, spanning various Rochester zip codes including 14605, 14606, 14608, 14609, 14611, and 14621. This well-established portfolio offers a strong foundation for immediate cash flow and potential for future appreciation. The portfolio is currently held under an LLC structure. Detailed financial information, including a comprehensive rent roll and property analysis, is available upon request. This is a rare opportunity to acquire a substantial, debt-free multifamily portfolio in a growing market. Don't miss out on this chance to build your investment portfolio with a proven performer.
Location Insight
- City
- Rochester
- County
- Monroe
- State
- New York
- Latitude
- 43.1457
- Longitude
- -77.628
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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