$120,000
$129,900
7.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
1,477 SqFt
SOLD DATE : 11/07/2024
Key Details
Sold Price $120,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,477 sqft
Price per Sqft $81
Subdivision Emerson St Bldg Co
MLS Listing ID R1558228
Sold Date 11/07/24
Bedrooms 4
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $2,500
Lot Size 4,094 Sqft
Acres 0.094
Lot Dimensions 40X102
Property Sub-Type Multi Family
Property Description
This well-maintained, two-unit property at 282 Emerson St in Rochester is a prime investment opportunity. With a roof that's only 5 years old, this property offers worry-free ownership for years to come. The building features an upper and lower apartment, both currently occupied by long-term tenants. The downstairs tenant enjoys the flexibility of a month-to-month lease, while the upstairs tenant is on a yearly lease, providing both stability and potential for future adjustments. One person resides in each unit. Not a lot of wear and tear!
Each unit generates $925 per month in rent, ensuring a reliable income stream. The property also includes a spacious two-car garage in the back, perfect for use as a workshop, storage, or potential for added rental income. The location offers easy access to local amenities, schools, and public transportation, making it an attractive option for tenants.
Whether you're an experienced investor or just starting, this property offers a blend of immediate income and long-term growth potential. Don't miss the chance to add this solid investment to your portfolio in one of Rochester's established neighborhoods.
Location
State NY
County Monroe
Community Emerson St Bldg Co
Area Rochester City-261400
Direction Take Dewey Avenue or Lake Avenue to Emerson Street. House number 282.
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Cooling Window Unit(s)
Flooring Carpet, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Spaces 2.0
Utilities Available Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
Garage Yes
Building
Lot Description Residential Lot
Sewer Connected
Water Connected, Public
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Rochester
Others
Senior Community No
Tax ID 261400-105-420-0001-051-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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