123 Cady StRochester, NY 14608

Property Details for 123 Cady St

Property size (Sq ft)

17,587 SF

Property type

Residential income homes

Property subtype

Small apartment buildings

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

FAQs

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