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    855 Jay Street

    Rochester, NY 14611
    • $468,900
    • STATUS: Active
    • ON SITE: 23 days
    • MLS #: R1298659
    UPDATED: 54 min ago
    $468,900
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 15,036
      SQFT
    • $31
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1930
    County:

    School Ratings & Info

    School District:

    Description

    What an amazing opportunity! Brick Building! Potential for 14 Income Generating Leases! 11 occupied residential units & the opportunity to add 1 more residential unit PLUS 1 commercial unit to the rent roll (approved plans on file w/the City of Rochester). The garage was completely re-done in 2019 and is occupied and generating income. Property is currently an 8% cap BUT there is an opportunity to increase this with the income from the additional 2 units. The building is located in the City of Rochester Opportunity Zone! “Add Value” opportunities are endless! Phase 2 completed with seller purchase. Great location, vinyl replacement windows, newer mechanical systems (maintained yearly), separate utilities. Professional Management in place.

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    ©2020 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Robert PiazzaPalotto Sold Team | RE/MAX Plus shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Robert PiazzaPalotto Sold Team | RE/MAX Plus are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-10-26T07:13:47.667.
    www.findrochesternyhomes.com/homes/110636324
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    855 Jay Street Rochester, NY 14611

    • Price: $468,900
    • Status: Active
    • Updated: 54 min ago
    • MLS #: R1298659
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    15,036
    SQFT
    $31
    $/SQFT
    1930
    Built
    Neighborhood:
    Lyell-Otis
    County:
    Monroe
    Area:
    Rochester City-261400
    School District:
    Rochester
    Property Description
    What an amazing opportunity! Brick Building! Potential for 14 Income Generating Leases! 11 occupied residential units & the opportunity to add 1 more residential unit PLUS 1 commercial unit to the rent roll (approved plans on file w/the City of Rochester). The garage was completely re-done in 2019 and is occupied and generating income. Property is currently an 8% cap BUT there is an opportunity to increase this with the income from the additional 2 units. The building is located in the City of Rochester Opportunity Zone! “Add Value” opportunities are endless! Phase 2 completed with seller purchase. Great location, vinyl replacement windows, newer mechanical systems (maintained yearly), separate utilities. Professional Management in place.
    Exterior Features

    Construction Materials BrickWood Siding Exterior Features Blacktop Driveway Lot Features Corner LotNear Public TransitResidential Lot Parking Features None Road Frontage Type City Street Roof Flat Waterfront YN No

    Interior Features

    Basement Full Fireplace YN No Fireplaces Total 0 Flooring CarpetLaminateVariesVinyl Heating GasForced Air Heating YN Yes Levels Two

    Property Features

    Gross Income 83580 Listing Terms CashConventionalFha Possession Close Of Escrow Property Sub Type Other Rent Includes Snow RemovalTrash CollectionWater Sewer Connected Special Listing Conditions Standard Tax Annual Amount 12895 Utilities Sewer ConnectedWater Connected Water Source ConnectedPublic

    Listing information © 2020 CNYIS, GENRIS, WNYREIS. Listing courtesy of Michelle L. Wheeler of High Falls Real Estate Co, Inc.
    ©2020 CNYIS, GENRIS, WNYREIS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Robert PiazzaPalotto Sold Team | RE/MAX Plus shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.

    The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) Program of NYSAMLS’s. Real estate listings held by firms other than Robert PiazzaPalotto Sold Team | RE/MAX Plus are marked with the IDX logo and detailed information about them includes the Listing Broker’s Firm Name. Data last updated: 2020-10-26T07:13:47.667.
     
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    Robert PiazzaPalotto Sold Team | RE/MAX Plus
    2171 Monroe Avenue
    Rochester NY, 14618