28 Portsmouth Terrace, Rochester, NY 14607

Exceptional 4/5-Unit Investment Opportunity in the Heart of the Artwalk District! Wedged between East Avenue and University, this property is walking distance to Park! This well-maintained multi-family home offers an unbeatable location backing up to the George Eastman Estate. Enjoy easy walking access to popular restaurants, cafes, galleries, museums, and boutique shopping. This property features four units as well as a caretaker’s studio with a strong rental history (it has always been fully occupied). The spacious 3-bedroom owner's unit, with an updated custom bathroom and all new appliances, is intentionally left vacant to allow for a perfect owner-occupancy or premium rent potential. Investors will appreciate the 6.85% cap rate, making this a rare find in such a desirable location. Additional highlights include seven off-street parking spaces, ample on-street parking, in-building laundry for tenant convenience, spacious front porch for common enjoyment, and, 1 … read more …