571 Lake Avenue, Rochester, NY 14613

Introducing a prime investment opportunity in the heart of Rochester, NY - 571 Lake Ave. This 23-unit brick apartment building with 4 storage garages offers immense potential for rental income growth. Built in 1910, the property features a mix of units including 1 studio, 18 one-bedroom, and 4 two-bedroom apartments over 18,816 square feet. Currently, the rents are significantly below market value, presenting a unique opportunity for a savvy investor to enhance cash flow. With separate utilities, a solid payment history from all cash tenants, and the potential to increase rents and utilize the garage units, this property is a lucrative find. The location benefits from strong demand, with tenants appreciating the proximity to amenities and easy access to the vibrant Rochester community. Don't miss out on the chance to own a piece of Rochester's real estate market with 571 Lake Ave. Cap does not include potential income from garage units. Also does not include … read more …