Share This Listing

Message

961 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the brokers for more information about this property

511-515 Dewey Ave 6 Unit Apartment Building $390,718 CAD ($65,120 CAD/Unit) 19% Cap Rate Rochester, NY 14613

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Separate utilities.
  • 6 Residential Units, Fully Rented
  • Recently renovated
  • New Certificate of Occupancy
  • Plenty of off street parking

EXECUTIVE SUMMARY

Turnkey 8-unit mixed-use building is ready to make you rich! 6 apartments and 2 store fronts, all ready to cash flow. Fully renovated and a new Certificate of Occupancy will be provided at closing. 6 apartments are currently rented and generating $5,250 gross monthly income, $63k annually! Residential units consist of 4 - 1 bedroom apartments and 2 - 2 bedroom apartments. There are also 2 vacant store fronts ready to be rented for additional income. Separate utilities throughout, including house meters for electric and gas. High demand location, bordering Maplewood, Edgerton and Lyell-Otis neighborhoods. Don't miss out on this investment opportunity of a lifetime!

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $390,718 CAD
Price Per Unit $65,120 CAD
Sale Type Investment
Cap Rate 19%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 9,120 SF
Average Occupancy 100%
No. Stories 3
Year Built 1910
Parking Ratio 1/1,000 SF
Zoning Commercial/Multi-Use - Multi Use Zoning For 6 Residential Apartments and 2 Commercial Store Fronts

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 4 $1,187 CAD -
2+1 2 $1,291 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
261400 105.34-3-70.001
Land Assessment
$16,795 CAD (2024)
Improvements Assessment
$399,835 CAD (2024)
Total Assessment
$416,631 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 38383128

  • Date on Market: 2025-11-08

  • Last Updated:

  • Address: 511-515 Dewey Ave, Rochester, NY 14613

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}