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1056 Dewey Ave 11 Unit Apartment Building $1,160,775 CAD ($105,525 CAD/Unit) 17.32% Cap Rate Rochester, NY 14613
Investment Highlights
- Solid brick building with spacious apartments, always rented
- Updated apartments - kitchens & baths updated, new flooring, fresh paint
- New Certificate of Occupancy at Closing!
Executive Summary
Another Rockin' Rochester Property! Proof of funds or a lender letter required prior to approving any showings. 11 updated one bdrm units. Most rented to community organization tenants. Organizations provide guaranteed rent and lease terms! Many energy efficient measures- tekmar programmable thermostat, hallway lighting that dims when not in use. Roof silver sealed this year. Vinyl windows, brick exterior- maintenance free! New C of O at closing. Seller has other properties to be sold. May consider a package. Gross annual Income of $142,886/yr. Income & Expense info in attachments.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$199,788
|
$22.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$199,788
|
$22.99
|
| Taxes |
$18,257
|
$2.10
|
| Operating Expenses |
$58,043
|
$6.68
|
| Total Expenses |
$76,300
|
$8.78
|
| Net Operating Income |
$123,488
|
$14.21
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $199,788 |
| Annual Per SF | $22.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $199,788 |
| Annual Per SF | $22.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $18,257 |
| Annual Per SF | $2.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $58,043 |
| Annual Per SF | $6.68 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $76,300 |
| Annual Per SF | $8.78 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $123,488 |
| Annual Per SF | $14.21 |
Property Facts
| Price | $1,160,775 CAD | Property Subtype | Apartment |
| Price Per Unit | $105,525 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 17.32% | Building Size | 8,692 SF |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Price | $1,160,775 CAD |
| Price Per Unit | $105,525 CAD |
| Sale Type | Investment |
| Cap Rate | 17.32% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 8,692 SF |
| No. Stories | 2 |
| Year Built | 1920 |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
- Tub/Shower
- Wi-Fi
- Double Pane Windows
Site Amenities
- Gas Range
- Vintage Building
- Public Transportation
- Private Bathroom
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 11 | $1,336 CAD | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 261400-090-740-0002-001-000-0000 | Total Assessment | $464,310 CAD |
| Land Assessment | $34,612 CAD | Annual Taxes | $18,257 CAD ($2.10 CAD/SF) |
| Improvements Assessment | $429,698 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
261400-090-740-0002-001-000-0000
Land Assessment
$34,612 CAD
Improvements Assessment
$429,698 CAD
Total Assessment
$464,310 CAD
Annual Taxes
$18,257 CAD ($2.10 CAD/SF)
Tax Year
2025
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RE/MAX Realty Group
1056 Dewey Ave
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