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312 Lake Ave 25 Unit Apartment Building $2,602,506 CAD ($104,100 CAD/Unit) 9.65% Cap Rate Rochester, NY 14608
Investment Highlights
- High Gross Income. Always rented.
- On public transportation line.
- Well maintained and recently rehabbed solid brick building.
Executive Summary
Another Rockin' Rochester Property! Annual Gross Income of $288,552! Solid brick building with new C of O at closing! 16 studios, 9 one bedrooms. Most units rented to community organization tenants who require all utilities be included in rent AND who GUARANTEE the rent! Five of the units pay cooking gas and electric. This is a solid brick building in great shape with all units rehabbed, 122 new replacement windows, energy efficient lighting and boiler controls, torch down roof, off street parking. Do NOT walk property without appointment with listing agent. Edgerton offers a variety of housing options, including duplexes, townhouses, single detached homes, and large apartment buildings. The neighborhood features an abundance of green spaces like Edgerton Park, providing peaceful and accessible spots for outdoor activities. A number of supermarkets, restaurants, and coffee shops are conveniently located throughout the area.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$395,241
|
$28.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$395,241
|
$28.80
|
| Taxes |
$35,450
|
$2.58
|
| Operating Expenses |
$108,537
|
$7.91
|
| Total Expenses |
$143,987
|
$10.49
|
| Net Operating Income |
$251,254
|
$18.31
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $395,241 |
| Annual Per SF | $28.80 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $395,241 |
| Annual Per SF | $28.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $35,450 |
| Annual Per SF | $2.58 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $108,537 |
| Annual Per SF | $7.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $143,987 |
| Annual Per SF | $10.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $251,254 |
| Annual Per SF | $18.31 |
Property Facts
| Price | $2,602,506 CAD | Building Class | C |
| Price Per Unit | $104,100 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 13,724 SF |
| Cap Rate | 9.65% | Average Occupancy | 98% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1920 |
| Property Subtype | Apartment | Parking Ratio | 0.72/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | C-3 | ||
| Price | $2,602,506 CAD |
| Price Per Unit | $104,100 CAD |
| Sale Type | Investment |
| Cap Rate | 9.65% |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 13,724 SF |
| Average Occupancy | 98% |
| No. Stories | 2 |
| Year Built | 1920 |
| Parking Ratio | 0.72/1,000 SF |
| Zoning | C-3 |
Amenities
- Smoke Detector
Unit Amenities
- Cable Ready
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Wi-Fi
- Basement
- Vinyl Flooring
Site Amenities
- Gas Range
- Trash Pickup - Curbside
- Wi-Fi
- Storage Space
- Public Transportation
- Individual Leases Available
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | - |
1 1
Moderately walkable
70/100
Exceptionally drivable
100/100
Some public transit
50/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 261400-105-520-0001-022-000-0000 | Total Assessment | $1,027,305 CAD |
| Land Assessment | $74,925 CAD | Annual Taxes | $35,450 CAD ($2.58 CAD/SF) |
| Improvements Assessment | $952,380 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
261400-105-520-0001-022-000-0000
Land Assessment
$74,925 CAD
Improvements Assessment
$952,380 CAD
Total Assessment
$1,027,305 CAD
Annual Taxes
$35,450 CAD ($2.58 CAD/SF)
Tax Year
2025
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RE/MAX Realty Group
312 Lake Ave
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