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1342 Dewey Ave 6 Unit Apartment Building $566,150 CAD ($94,358 CAD/Unit) Rochester, NY 14613
Executive Summary
1342 Dewey Avenue presents a compelling value-add multifamily investment. This 10-unit asset includes 8 one-bedroom apartments and 2 basement studio units, with much of the heavy lifting already completed. Renovations still need to be completed. Steam boiler installed in 2010. Separate electric and cooking gas, while heat and hot water are included. A security camera system is also in place.
Additional upside remains through completion of remaining renovations. The sale also includes 1346 Dewey Avenue, a separate parcel currently used as a parking lot with an existing garage that will have to be demolished. The Certificate of Occupancy transfers to the new owner and is valid through November 2027. Sale is "AS IS".
Finish the renovations. Rent it up. Collect income.
Additional upside remains through completion of remaining renovations. The sale also includes 1346 Dewey Avenue, a separate parcel currently used as a parking lot with an existing garage that will have to be demolished. The Certificate of Occupancy transfers to the new owner and is valid through November 2027. Sale is "AS IS".
Finish the renovations. Rent it up. Collect income.
Property Facts Under Contract
| Price | $566,150 CAD | Building Class | C |
| Price Per Unit | $94,358 CAD | Lot Size | 0.14 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| No. Units | 6 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1917 |
| Apartment Style | Low-Rise | Parking Ratio | 0.5/1,000 SF |
| Price | $566,150 CAD |
| Price Per Unit | $94,358 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 0% |
| No. Stories | 2 |
| Year Built | 1917 |
| Parking Ratio | 0.5/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 261400-090-500-0003-056-000-0000 | Improvements Assessment | $213,067 CAD |
| Land Assessment | $38,225 CAD | Total Assessment | $251,292 CAD |
Property Taxes
Parcel Number
261400-090-500-0003-056-000-0000
Land Assessment
$38,225 CAD
Improvements Assessment
$213,067 CAD
Total Assessment
$251,292 CAD
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1342 Dewey Ave
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