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201 Lake Avenue, Rochester, 14608
ML Number: R1712947
List Price: $800,000
Description
Another Rockin' Rochester Property! This well-maintained multi-unit brick building offers a strong mix of apartments and recent updates, making it an excellent investment opportunity. A newer boiler installed in 2023 ensures efficient heating, while the 15-year-old roof provides peace of mind for years to come. Residents enjoy the convenience of an on-site, coin-operated laundry. The property features a thoughtful unit layout across three floors. The third floor includes three one-bedroom apartments, two located in the rear and one in the front. The second floor offers four spacious one-bedroom units along with a studio apartment. On the first floor, you’ll find two one-bedroom apartments—one with an inviting open front porch and another with a charming side porch— plus an additional studio unit. Units 1-8 pay cooking gas only (LL pays heat & electric). Units 9-11 pay their own gas and electric. With a balanced mix of one-bedroom and studio apartments, along with valuable updates and tenant-friendly amenities, this property could make a solid long-term addition to any investment portfolio. Seller may consider finance with 50% down, 8% interest, 30 year term, balloon in 5 years. Must be sold with 189 -199 Lake, MLS #R1712924
Aerial View of this Location
| Property Type: | 5 + Unit Apartments |
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| Bedrooms: | 9 |
| Full Bath(s): | |
| Half Bath(s): | |
| Living Area (SqFt): | 8,167 |
| Lot Size (Acres): | 0.1500 |
| Garage Spaces: | |
| Year Built: | 1930 |
| Address: | 201 Lake Avenue |
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| City: | Rochester |
| County: | Monroe |
| State: | NY |
| Zip Code: | 14608 |
| School District: | Rochester |
| List Price: | $800,000 |
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| Assessed Value: | $0 |
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Property Features
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| On Waterfront: | No |
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| # Fireplaces: | 0 |
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Listing courtesy of RE/MAX Realty Group.
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