This 7-unit multifamily property offers a fantastic investment opportunity. Each townhome-style apartment features 1,100 SF of living space, 3 bedrooms, and one bathroom. It also includes a full basement and attic for ample storage. The units come equipped with a refrigerator and stove, making them move-in ready for tenants.
All units have separate utilities paid by tenants, ensuring low operating expenses for the owner. With market rents averaging $1,400/month for similar 3-bedroom homes, the fully leased potential gross income (PGI) is $9,800/month. One unit is currently occupied, leaving six available to lease and capitalize on the income potential.
* Townhome Style Apartments
* Tenant Paid Utilities
* Basement Storage
* Located on a Bus Line
All units have separate utilities paid by tenants, ensuring low operating expenses for the owner. With market rents averaging $1,400/month for similar 3-bedroom homes, the fully leased potential gross income (PGI) is $9,800/month. One unit is currently occupied, leaving six available to lease and capitalize on the income potential.
* Townhome Style Apartments
* Tenant Paid Utilities
* Basement Storage
* Located on a Bus Line
Property Details
Price:
$600,000
MLS #:
R1579683
Status:
Active
Beds:
7
Baths:
0
Address:
367 Genesee Street
Type:
Single Family
Subtype:
Commercial
Subdivision:
Genesee Street Co-Operati
Neighborhood:
Rochester City-261400
City:
Rochester
Listed Date:
Dec 2, 2024
State:
NY
Finished Sq Ft:
11,698
Total Sq Ft:
11,698
ZIP:
14611
Lot Size:
6,011 sqft / 0.14 acres (approx)
Year Built:
1910
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Schools
School District:
Rochester
Interior
Appliances
Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Flooring
Hardwood, Laminate, Varies
Heating
Gas, Forced Air
Exterior
Construction Materials
Frame
Parking Features
None, No Driveway, No Garage
Roof
Asphalt
Financial
Taxes
$11,846
Map
Community
- Address367 Genesee Street Rochester NY
- SubdivisionGenesee Street Co-Operati
- CityRochester
- CountyMonroe
- Zip Code14611
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Listing courtesy of eXp Realty, LLC,
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2025-01-15.
© 2025 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2025-01-15.
367 Genesee Street
Rochester, NY
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