777 Meigs ST, Rochester, NY 14620
777 Meigs ST, Rochester, NY 14620
777 Meigs ST, Rochester, NY 14620
19
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$199,000
Est. payment /mo
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3 Beds
2 Baths
1,686 SqFt
Open Sun 2PM-3:30PM

777 Meigs ST Rochester, NY 14620

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Justin Brosnan

Justin Brosnan

+1(585) 737-6168

Open House

Sun Aug 30, 2:00pm - 3:30pm

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,686 sqft

Price per Sqft $118

Subdivision Etts

MLS Listing ID R1709919

Style Duplex

Bedrooms 3

Full Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1900

Annual Tax Amount $3,950

Lot Size 3,484 Sqft

Acres 0.08

Lot Dimensions 33X100

Property Sub-Type Multi Family

Property Description

RARE OPPORTUNITY TO OWN PROVEN NOI/ROI WINNER IN THE HIGHLY RENTER-DENSE SOUTH WEDGE! WITH A *0% VACANCY RATE* FOR BOTH UNITS IN THE LAST 5 YEARS, AN 8.1% CAP RATE AND AMAZING 10% DEBT YIELD (ASSUMING 80/20 LTV), IT'S A NO-BRAINER FOR FIRST TIME INVESTORS AND THE EXPERTS!!!!! OPPORTUNITY FOR OWNER-OCCUPANT AS WELL! 2 BEDROOMS AND 1 BATH DOWNSTAIRS AND 1 BEDROOM, 1 BATH UPSTAIRS, OFF STREET PARKING, AND PRIVATE ENTRANCES FOR EACH APARTMENT! THIS PROPERTY IS A MONTH-TO-MONTH AND 12-MONTH LEASE WORK HORSE WITH TONS OF INFRASTRUCTURE UPGRADES COMPLETED! ORIGINAL HARDWOODS, FULL KITCHENS, BATHS, WASHERS AND DRYERS IN EACH, AND BASEMENT STORAGE. BOTH UPPER AND LOWER UNITS ARE RENTED: LOWER MONTH TO MONTH WITH 2 YEAR TENANCY, UPPER LEASE JUST RENEWED WITH INCREASE! ADDITIONAL CAPITAL IMPROVEMENTS INCLUDE: NEW ROOF 2014, NEW WINDOWS 2012, AIR CONDITIONING 2019, GUTTERS 2019!!! SEE ATTACHMENT FOR NOI AND EXPENSE BREAKDOWN. THIS PROPERTY IS LOCATED IN A CHARMING NEIGHBORHOOD WITHIN THE HISTORIC SOUTH WEDGE AREA, A VIBRANT CITY COMMUNITY WHERE YOU &/OR YOUR TENANTS ARE WITHIN WALKING DISTANCE TO ARTISAN FOOD/BAKE SHOPS, ECLECTIC RESTAURANTS, CAFES, AND BARS, THE GENESEE (RIVER) GATEWAY PARK, HIGHLAND PARK AND ITS ANNUAL LILAC FESTIVAL. PLENTIFUL DEMAND FROM RENTERS WORKING OR LEARNING AT THE UNIV. OF ROCHESTER, RIT, URMC, HIGHLAND HOSPITAL, THE CITY, AND BEYOND.

Location

State NY

County Monroe

Community Etts

Area Rochester City-261400

Rooms

Basement Full

Interior

Interior Features Ceiling Fan(s)

Heating Gas, Electric, Forced Air, Hot Water

Cooling Central Air

Flooring Ceramic Tile, Hardwood, Varies

Fireplace No

Window Features Thermal Windows

Appliance Gas Water Heater

Exterior

Exterior Feature Fence

Fence Partial

Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description Rectangular, Rectangular Lot

Foundation Block, Stone

Sewer Connected

Water Connected, Public

Architectural Style Duplex

Structure Type Composite Siding,Wood Siding,Copper Plumbing

Construction Status Existing

Schools

School District Rochester

Others

Tax ID 261400-121-730-0001-061-000-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by Howard Hanna 585-400-4000

NEARBY SCHOOL & BUSINESS

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Justin Brosnan

Justin Brosnan

Licensed Real Estate Salesperson License ID: 10401264388

+1(585) 737-6168

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777 Meigs ST