For Sale, USD 397,000
91 Wellington Avenue W, Rochester NY 14611, Rochester, New York, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : 4,672 ft² / 434 m²
Land Size : N/A
Bedroom : 3
Bathroom : 0
Half Bathroom : 0
MLS#: N/A
Property Description
91 Wellington Avenue is a stabilized 6-unit multifamily property located in Rochester, New York, offering strong in-place cash flow at a compelling basis. The property consists of 3 studios, 2 one-bedroom units, and 1 two-bedroom unit, supported by 8 total bathrooms, allowing for functional layouts and tenant flexibility.The building generates $69,600 in annual gross rent with a Net Operating Income of approximately $58,023, translating to an attractive 14.6% cap rate at the $397,000 asking price. Expenses are straightforward and conservative, with tenants paying all utilities except water. This asset is well-suited for investors seeking immediate yield, stable income, and long-term upside in a proven rental market. Current rents are in line with local demand, and the property is operating without reliance on aggressive assumptions or future rent growth.Ideal for buy-and-hold investors, 1031 exchange buyers, or operators looking for a strong cash-flowing asset in an affordable Northeast market. Property Highlights 6 units total 3 Studios 2 One-Bedrooms 1 Two-Bedroom.
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91 Wellington Avenue W, Rochester NY 14611, United States,New York,Rochester is a 4,672ft² Rochester luxury Multi-Family Home listed for sale USD 397,000. This high end Rochester Multi-Family Home is comprised of 3 bedrooms and 0 baths. Find more luxury properties in Rochester or search for luxury properties for sale in Rochester.