367-369 Genesee St, Rochester, NY
367-369 Genesee Street
Rochester, NY 14611
Highlights
- Townhome Style Apartments
- Tenant Paid Utilities
- Basement Storage
- Located on a Bus Line
Description
This 7-unit multifamily property offers a fantastic investment opportunity. Each townhome-style apartment features 1,100 SF of living space, 3 bedrooms, and one bathroom. It also includes a full basement and attic for ample storage. The units come equipped with a refrigerator and stove, making them move-in ready for tenants.
All units have separate utilities paid by tenants, ensuring low operating expenses for the owner. With market rents averaging $1,400/month for similar 3-bedroom homes, the fully leased potential gross income (PGI) is $9,800/month. One unit is currently occupied, leaving six available to lease and capitalize on the income potential.
Located in Rochester's southwest quadrant, the 19th Ward is the city's largest residential neighborhood, home to approximately 22,000 residents. Bordered by Buffalo Road, West Avenue, the Erie Canal, Genesee Street, and Elmwood Avenue, this area boasts easy access to major thoroughfares and local amenities.
Known for its rich architectural diversity, the neighborhood features homes with Colonial Revival, Queen Anne, and Tudor Revival designs, characterized by timeless elements like gumwood trim, leaded glass, fireplaces, and open porches.
The 19th Ward embraces its vibrant and inclusive community through active organizations such as the 19th Ward Community Association, which fosters a sense of connection with events and initiatives. Strategically positioned near the University of Rochester and Genesee Valley Park, the area benefits from its proximity to educational institutions, recreation, and the Brooks Landing mixed-use development.
This urban neighborhood offers an attractive mix of residential and commercial opportunities, making it ideal for families, professionals, and students who value convenience, charm, and diversity.
