Property Attributes
- MLS#R1479588
- TypeCommercial
- CountyMONROE
- CityRochester
- AreaRochester City
- NeighborhoodAtwater & Andrews Resubd
- Zip14605
- StyleApartment
- Year Built1885
- Taxes$ 6911
- Price$ 1,725,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage13590
- Lot Size4,356 SqFt
Data Source:
Greater Rochester AOR (GRAR)
Property Description
Welcoming the Masterfully Redeveloped Central Ave Lofts Building to the market. This completely renovated 14 Unit Mixed-Use Property Offers (12) Turnkey Apartments, and (2) Retail Storefronts. The building showcases all new HVAC, Plumbing, Energy Efficient Windows, Water Service (domestic & fully sprinklered), Electric Service, & Common Areas. The apartments sport generous 10 foot ceilings, exposed brick accent walls, brand new flooring, tiled kitchen and restrooms, stainless steel appliances, secured keyless entry, In-unit washer/dryer, granite countertops, and more. The developer spared no costs in bringing this building back online for the Rochester housing market. Located directly off the city’s inter-loop and close to all downtown amenities, business, and employers. Full occupancy, stabilized with recent long term market rate leases. Enjoy a 1.30% Debt Service Coverage Ratio on financing at a 7.25% cap upon entry. Inquire today for more.
Price History | |
---|---|
6/21/2023 | Listed $1,770,000 |
9/20/2023 | 3% - $1,725,000 |
General Features
Sewer | PublicSewer |
---|---|
Heating | Gas,ForcedAir |
Cooling | CentralAir |
Utilities | SewerConnected,WaterConnected |
Possession | CloseOfEscrow |
Roof | Other,SeeRemarks |
Zoning | CCD-B |
Security Features | FireSprinklerSystem |
Construction Materials | Brick,Masonry |
Year Built | 1885 |
Stories | 4 |
Township | Not Applicable |
Property SubType | Apartment |
County | Monroe |
Net Operating Income | -6911.0 |
Property Type | CommercialSale |
Subdivision Name | Atwater & Andrews Resubd |
Building Features | Office |
Status | Active |
Directions | From center city,take N Clinton Ave to Cumberland St then take a left. There is a right of way on the right hand side to get into Central Ave. This is a one way street,please be advised. |
City | Rochester |
High School District | Rochester |
Zoning Description | Commercial |
Total Units | 14 |
MLS Area | Rochester City-261400 |
Lot Size Square Feet | 4356.0 |
Waterfront Y/N | No |
Street Name | Central |
Year Built Details | Existing |
Tax Annual Amount | 6911.0 |
Property Condition | Resale |
Lease Considered Y/N | No |
Days on Market | 91 |
Standard Status | Active |
Middle/Junior School District | Rochester |
Elementary School District | Rochester |
Tax Assessed Value | 141300 |
TaxOtherAnnualAssessmentAmount | 0.0 |
Tax Lot | 4 |
Property Sub Type Additional | Apartment,MixedUse,Commercial |
Interior Features
Flooring | Carpet |
---|---|
Total Stories | 4 |
Air Conditioning Y/N | Yes |
Heating Y/N | Yes |
Fireplace Y/N | No |
Street Suffix | Avenue |
Exterior Features
Parking Features | OffSite,OnSite |
---|---|
Water Source | Public |
Total Parking | 4.0 |
Inclusions | Other - See Remarks |
Lot Size Area | 0.1 |
Number of Buildings | 1 |
Building Area Total | 13590.0 |
Lot Dimensions | 45X120 |
Lot Size Acres | 0.1 |
Lot Size Units | Acres |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool