3 Beds
2 Baths
1,652 SqFt
3 Beds
2 Baths
1,652 SqFt
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,652 sqft
Price per Sqft $241
Subdivision J W Etts
MLS Listing ID R1705868
Style Duplex
Bedrooms 3
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $4,239
Lot Size 3,484 Sqft
Acres 0.08
Lot Dimensions 33X100
Property Sub-Type Multi Family
Property Description
WITH A 7.98% CAP RATE AND AMAZING 10.6% DEBT YIELD (80/20 MGT.), IT'S A NO-BRAINER FOR FIRST TIME INVESTORS AND EXPERTS!!!!! AMAZING OPPORTUNITY FOR INVESTORS OR OWNER-OCCUPANT PLUS RENTER! BOTH APARTMENTS HAVE OFF STREET PARKING, PRIVATE OUTDOOR SPACES, & GORGEOUS, RESTORED ENTRYWAY!
A DESIGNER'S DREAM W/CHARMING FRONT PORCH AND 2ND STORY DECK- GORGEOUS FULL INTERIOR RENOVATIONS TOTALING OVER $75,000 INSIDE & OUT OF BOTH UNITS: RESTORED HARDWOODS, NEW CHARMING EAT IN KITCHENS, FAMILY ROOMS, BATHS, BEDROOMS!
HUGE CAPITAL IMPROVEMENTS LIST INCLUDES: FULL EXTERIOR SIDING, 2014 TEAR OFF ROOF, HOT WATER TANKS(UPPER UNIT 2026), NEW WINDOWS 2012, AIR CONDITIONING 2019, AND GUTTERS 2019! DESIGNERS' HAND SELECTED FURNITURE, DÉCOR, AND CUSTOM CUT WINDOW TREATMENTS REMAIN FOR BUYER!
EXISTING MGT CO. CAN REMAIN IN SERVICE TO NEW OWNER - CAN'T GET ANY EASIER!! CURRENTLY OPERATING AS A SHORT-TERM RENTAL, COULD BE LONG TERM. UPPER IS 2 BEDROOM/1 BATH W/PRIVATE 2ND STORY DECK. LOWER IS 1 BEDROOM/1 BATH W/PRIVATE PORCH.
SEE ATTACHMENT FOR NOI AND EXPENSES.
773 MEIGS STREET 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 IT'S 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 J W Etts
Area Rochester City-261400
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s), Cathedral Ceiling(s), Programmable Thermostat
Heating Gas, Electric, Forced Air
Cooling Central Air
Flooring Ceramic Tile, Hardwood, Varies
Furnishings Furnished
Fireplace No
Window Features Leaded Glass,Thermal Windows
Appliance Gas Water Heater
Exterior
Exterior Feature Balcony, Deck, Fence
Fence Partial
Utilities Available Cable Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Porch Balcony, Deck
Building
Lot Description Rectangular, Rectangular Lot
Foundation Block, Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Structure Type Vinyl Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Rochester
Others
Senior Community No
Tax ID 261400-121-730-0001-060-000-0000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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Company