Multifamily Housing
865 Lake Avenue Rochester, NY 14613
Details & Description
Price: $1,050,000
    Value add opportunity available! This 18-Unit brick exterior apartment building has been maintained well during its ownership, including vinyl windows, the boiler system, 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 owner has managed this building for many decades and will retire. 
    Property Highlights
    Additional Photos
    Listing Agents
    Michael Conroy

    O: 585-735-7739
    M: 585-802-3327
    michael.conroy@expcommercial.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    865 Lake Avenue

    Rochester, NY 14613

    No Longer Listed
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    Price
    $ /mo
    Property Highlights
    Value Add Opportunity
    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, the boiler system, 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 owner has managed this building for many decades and will retire. 

    Attachments & Files

    Rochester Area Market Trends

    Listing Demographics for 865 Lake Avenue Rochester, NY 14613

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population27,825153,455331,412
    Population Median Age333638
    Population by Age0-9 Yrs4914 (17%)21531 (14%)38361 (11%)
    10-19 Yrs4716 (16%)20933 (13%)40953 (12%)
    20-29 Yrs4272 (15%)25931 (16%)56826 (17%)
    30-39 Yrs3843 (13%)21195 (13%)47569 (14%)
    40-49 Yrs3102 (11%)16968 (11%)36272 (10%)
    50-59 Yrs3049 (10%)19035 (12%)42857 (12%)
    60-69 Yrs2503 (8%)15481 (10%)35105 (10%)
    70+ Yrs1426 (5%)12382 (8%)33469 (10%)
    Median HH Income$27,048$34,755$46,760
    Total Household Income< 24K4981 (46%)23775 (37%)40163 (28%)
    25-49K3135 (29%)16803 (26%)34560 (24%)
    50-74K1198 (11%)9645 (15%)25180 (17%)
    75-99K786 (7%)5690 (8%)16279 (11%)
    100-199K644 (5%)6623 (10%)21601 (15%)
    200K+59 (0%)1076 (1%)4117 (2%)
    Highest Education LevelNo Diploma44332027131511
    Diploma or GED51232966361033
    Some College30231982442553
    Assoc. Degree16511082525054
    Bachelors Degree12641182338175
    Higher Degree641719528169
    Total Housing Units12,80373,078157,059
    --Owner-Occupied3,19523,99769,904
    --Renter-Occupied7,60839,61571,996
    Owner-Occupied Values< 100K24891469927804
    100-199K477742534269
    200-299K576914274
    300-399K155091775
    400-499K30163507
    500K+1275111277
    Total Working Age Population20,194118,625268,481
    In Work Force10,97570,628170,016
    Not In Work Force9,21947,99798,465
    Workforce Employed9,88463,578157,824
    Workforce Unemployed1,0917,04312,111
    Civlian Workforce10,97570,621169,935
    Military Workforce0781
    Total Households10,80263,612141,900
    Family Households6,14932,85673,867
    Non-Family Households4,65330,75668,033
    Married Couple1,85213,98440,300
    Other Family4,29718,87233,567
    Married w/Child8695,35813,402
    Single Male w/Child3711,4603,052
    Single Female w/Child2,5709,83516,201

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    New York18,976,457+219,378,102+420,146,131+220,604,030
    Monroe County735,343+1744,344+1754,529+1758,536

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 865 Lake Avenue in Rochester?
    The asking price for 865 Lake Avenue is $1,050,000
    What is the building size of this Multifamily property in Rochester, NY?
    The size of the building/unit at 865 Lake Avenue in Rochester is 17,600 square feet
    How much land does the Rochester, NY property at 865 Lake Avenue include?
    865 Lake Avenue in Rochester includes 0.300 acres of land
    What is the population within 1 mile of 865 Lake Avenue in Rochester?
    The population within 1 mile of 865 Lake Avenue Rochester, NY 14613 is 27,825 people.
    Who do I contact for questions about 865 Lake Avenue?
    You should contact the listing agent, Michael Conroy, for any details regarding this commercial listing.

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    Closest Commercial Airports

    Airport Distance (mi)
    Greater Rochester International Airport (ROC) 5
    Buffalo Niagara International Airport (BUF) 58
    Syracuse Hancock International Airport (SYR) 77