488 Meigs Street
Rochester, NY, 14607
$519,900
4 Beds
4 Baths
4,437 SqFt
0.12 Acres
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Back on the Market, the deal died due to the buyer’s financing.
Welcome to this turn-key opportunity in a prime location! This opportunity includes over $50,000 in upgrades and furnishings!

This four-family dwelling is a fantastic investment. It boasts four thoughtfully designed units and three fully furnished apartments with luxury modern and farmhouse finishes!
This multi-family rental opportunity generates $6,400 monthly and has room to grow. Whether you invest traditionally or Airbnb/short-term, this property can accommodate either strategy seamlessly.

The property has a new transferable C of O issued 10/22/2024 and expiring 10/22/2027. These three fully furnished units include all utilities. The fourth unfurnished unit comes with heat/hot water, and the tenant pays for electricity. All units have access to the on-site laundry facility, and the washer/dryer will start with the property.

The well-maintained building offers residents a comfortable living experience. Each unit has been remodeled and designed to feature ample natural light, functional layouts, and modern amenities. The property’s exterior showcases a blend of curb appeal and low-maintenance landscaping. Don’t miss this opportunity to own a versatile and income-producing property in a desirable location.

Property Details

Price:
$519,900
MLS #:
R1568357
Status:
Active
Beds:
4
Baths:
4
Address:
488 Meigs Street
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
Boardman & Meyers
Neighborhood:
Rochester City-261400
City:
Rochester
Listed Date:
Sep 27, 2024
State:
NY
Finished Sq Ft:
4,437
Total Sq Ft:
4,437
ZIP:
14607
Lot Size:
5,047 sqft / 0.12 acres (approx)
Year Built:
1925
Units:
4
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Schools

School District:
Rochester

Interior

Appliances
Gas Water Heater
Bathrooms
4 Full Bathrooms
Flooring
Ceramic Tile, Hardwood, Laminate, Varies
Heating
Gas, Forced Air
Laundry Features
Common Area

Exterior

Architectural Style
Fourplex
Construction Materials
Vinyl Siding, Copper Plumbing
Exterior Features
Private Yard, See Remarks
Parking Features
Gravel, Two Or More Spaces
Roof
Asphalt

Financial

Net Operating Income
$40,950
Taxes
$9,499

Map

Community

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488 Meigs Street
Rochester, NY