196 Driving Park Ave - 196 Driving Park 8 Unit Apartment Building Offered at $545,328 CAD Rochester, NY 14613

196 Driving Park, Rochester, NY 14613 Offered at $399,900, this 8-unit multifamily investment presents a compelling value-add opportunity in Rochester. The property features a desirable unit mix of 4 one-bedroom apartments and 4 studio units, with separate utilities throughout, including individual furnaces, separate breakers, and individual hot water tanks—helping support efficient management and tenant responsibility. This all-brick building sits on a large lot and benefits from major recent capital improvements, including a tear-off roof completed in 2024. The property also offers a Certificate of Occupancy valid through 1/22/2028, adding confidence for investors. Five units are currently vacant and expected to be rent-ready, creating immediate lease-up and income growth potential. Current in-place rents include one-bedrooms at $980, $1,149 (RGE included), and $700. Reported annual expenses are approximately $6,638 for taxes, $2,812 for insurance, and $1,400 for trash. Located in Monroe County, a region supported by strong education, healthcare, and technology employers, this asset is well-positioned to capitalize on Rochester’s ongoing rental demand.