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Willow Gardens 2594-2608 Dewey Ave 56 Unit Apartment Building $7,582,550 CAD ($135,403 CAD/Unit) 9% Cap Rate Rochester, NY 14616
Executive Summary
2600 Dewey Avenue, Rochester NY 14616. 56 apartment complex in 5 brick buildings; Greece NY zip code; Located north of Ridge Road between McCall and Stone. City of Rochester school district and taxes. 16 two bedroom and 40 one bedroom units, All apartments have one bath. Built in 1970; Renovated in 2025. 44,724 square feet. 11 brand new boilers, 10 new water tanks, brand new windows, Glass block, new slider doors to outside decks. 45 units have been remodeled: New kitchens, New bathrooms, new flooring, etc. All common areas have been upgraded. 30 year asphalt shingle roofs replaced approximately 10 years ago. And many more upgrades in the last twelve months. No Wholesalers please!
Cap advertised does NOT include management/vacancy or repair assumption. Please add your own for a proposed cap rate.
Cap advertised does NOT include management/vacancy or repair assumption. Please add your own for a proposed cap rate.
Property Facts
| Price | $7,582,550 CAD | Building Class | C |
| Price Per Unit | $135,403 CAD | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 44,159 SF |
| Cap Rate | 9% | Average Occupancy | 100% |
| Gross Rent Multiplier | 7.6 | No. Stories | 2 |
| No. Units | 56 | Year Built | 1970 |
| Property Type | Multifamily | Parking Ratio | 0.75/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R - RESIMERCIAL | ||
| Price | $7,582,550 CAD |
| Price Per Unit | $135,403 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| Gross Rent Multiplier | 7.6 |
| No. Units | 56 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.10 AC |
| Building Size | 44,159 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Parking Ratio | 0.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R - RESIMERCIAL |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Wi-Fi
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 40 | - | - |
| 2+1 | 16 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 261400-075-410-0002-031-000-0000 | Improvements Assessment | $1,362,938 CAD |
| Land Assessment | $45,141 CAD | Total Assessment | $1,408,079 CAD |
Property Taxes
Parcel Number
261400-075-410-0002-031-000-0000
Land Assessment
$45,141 CAD
Improvements Assessment
$1,362,938 CAD
Total Assessment
$1,408,079 CAD
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Willow Gardens | 2594-2608 Dewey Ave
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