This very nice two apartment multi family home is located in the Beechwood
neighbourhood in the East of Rochester, New York.
The property is divided into two large apartments, you have a large two bedroom
apartment on the left side of the property and a large two bedroom apartment on the
right hand side of the property. There is a tenant in one apartment that has resided in the
property for many years with a perfect payment history paying $500 which is under the
market rent so should the tenant leave the rent could be increased. The second
apartment is vacant and rental ready. The management company will place brand new
tenants when the new owner closes on the property. The apartment should achieve $825
in rent each month. The house also has a transferable certificate of occupancy valid until
This property is located in the Beechwood neighbourhood, which is East of Rochester,
New York. The house is just 1.8 miles from downtown Rochester. The house is also just
one mile from The Market District which contains some wonderful restaurants, bakeries,
and coffeehouses. A very popular part of Rochester. .
Purchase price: 79,900
Gross annual rental income: $15,900
Property running costs: $5,259
(Tax, insurance and management costs)
Net annual rental income: $10,641
Investment calculation - Net Income divided by Purchase price = NET ROI.
Return on investment: 14%Break even in 7.14 Years