Multifamily Housing - For Sale
865 Lake Avenue Rochester, NY 14613
Details & Description
Price: $1,050,000
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.300
  • Building Sq Ft 17,600
  • Building Price per Sq Ft $59.66
  • Land Sq Ft 13,068
  • Land Price per Sq Ft $80.35
  • NOI $113,332
  • CAP Rate % 10.79
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 ID:    301323
Property URL: melqr.com/301323
Generated:    03-30-23
Property Highlights
Additional Photos
Listing Agents
Michael Conroy

O: 585-735-7739
M: 585-802-3327
mconroy@ucreny.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.
New York / Rochester / 14613 / 865 Lake Avenue

865 Lake Avenue

Rochester, NY 14613

Listing ID: 301323
$1,050,000
For Sale
  • Property Type Multifamily for Sale
  • Lot Size Acres 0.300
  • Building Sq Ft 17,600
  • Building Price per Sq Ft $59.66
  • Land Sq Ft 13,068
  • Land Price per Sq Ft $80.35
  • NOI $113,332
  • CAP Rate % 10.79
  • 865 Lake Avenue Rochester, NY 14613 | for Sale | Photo 1
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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
865lakeaveflyer-998-5gR.pdf

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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.

Listing Location & Map Views
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17-21 Elm Street, East Aurora, NY $1,000,000 12000 0.2
47 Elm Street, East Aurora, NY $849,900 13252 0.7
283 Canisteo Street, Hornell, NY $175,000 6000 0.2
Closest Commercial Airports
Airport Distance (mi)
Greater Rochester International Airport (ROC) 5
Buffalo Niagara International Airport (BUF) 58
Syracuse Hancock International Airport (SYR) 77
Listing Agent
Michael Conroy - CRE Agent at

Michael Conroy

Independent Agent

585-735-7739 (office)

585-802-3327 (mobile)

VIEW AGENT PROFILE

CLICK TO VISIT

CONTACT ME

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