865 Lake Ave

865 Lake Ave Rochester, NY 14613

865 Lake Ave, Rochester, NY, 14613
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FOR SALE
Property Type:
MultiFamily Apartments
Amount:
$1,200,000
Last Verified:
Sep 24, 2022

Highlights

  • Value Add Opportunity
  • Owner Finance Available
  • Off-Street Parking
  • Close to Shopping & Public Transit

Description

Value add opportunity available! This 18-Unit brick exterior apartment building has been maintained well during its ownership, including vinyl windows, boiler system, roof, and more. The property will be sold with a fresh C of O at closing. Located on the corner of Lake Ave & Driving Park Blvd allows easy access to public transit, Maplewood Rose Garden, and shopping. The pro forma is based on rent projections. Currently, this property has a high vacancy rate. The tenants that are there pay their rent and are current. The owner has managed this building for many decades and will retire. Seller finance is available, and proof of funds will be required before any tours.

NWC of Lake Ave and Driving Park Ave.


Year Built: 1935
Building Size: 17600sq ft
Building Class: C
Lot Size: 0.3 acres


Documents

865 Lake Ave Flyer

Map of 865 Lake Ave, Rochester, NY, 14613

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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:

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