$82,860 Income - Cash Flow King.

579-585 North Street Rochester, NY 14605

579-585 North Street, Rochester, NY, 14605
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FOR SALE Incentives
Property Type:
MultiFamily Apartments
Amount:
$398,000
Last Verified:
Dec 07, 2017


Description

Fully Occupied 10 Two-Bedroom Units, Fully Updated, New roof, Stable Rental History. Development and Major Investments are Taking Place in the Area.

North & Wilson

Building Size: 12485.0sq ft
Lot Size: 0.0 acres

Map of 579-585 North Street, Rochester, NY, 14605

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Real Estate Incentives (What is this?)
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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.