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204 Fairgate Street, Rochester, NY 14606

$299,900
: 2,782
SqFt

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List Price: $299,900
Status: ACTIVE
Days on Market: 27
Price Change: ▼ $20,000 1793214303
MLS#: R1718638
Subtype: Commercial Sale
Year Built: 1840
Living Area: 2,782
Lot Size: 5,925
Acres: 0.14
Subdivision: Wetmores Amd
Neighborhood: Wetmores Amd
MLS Area Major: Rochester City

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Property Description

Investor alert! Three City of Rochester properties offered together: a fully occupied 3-family and two single family homes, all with tenants in place and income from day one. 204 Fairgate St is a 3-unit, 100% occupied, grossing $1,937/month. All three rents are below market, leaving room to raise each by a few hundred dollars a month. 409 Hague St is a single family rented at $940/month. 22 Michigan St is a single family rented at $785/month. Current gross is $3,662/month ($43,944/year) with clear upside through rent increases and hands-on management. All properties will be sold as-is. Properties must be purchased together. Tenant occupied. 48-hour notice preferred, 24-hour minimum, for all showings. Please allow time for tenant/PM coordination. Please do not disturb tenants.

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Additional Information

Taxes: $4,120
Zoning: 11
Heating: Electric, Gas, Baseboard, Forced Air
Stories: 2
Levels: Two
Roof: Asphalt
School District: Rochester