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321 Driving Park Ave 17 Unité Immeuble d’appartements 1 803 009 $ CAD (106 059 $ CAD/Unité) 9,06% Taux de capitalisation Rochester, NY 14613
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Brick Classic Architecture with Many Mechanical & Cosmetic Upgrades
- Multiple Revenue Streams
- High-Visibility Corner Location
Résumé de l'annonce
Positioned prominently at the corner of Driving Park Avenue, 321–331 Driving Park Avenue offers investors the opportunity to acquire a substantial and distinctive mixed-use asset in Rochester’s Edgerton neighborhood. The property’s classic brick façade, strong street presence and ground-floor storefronts create the look and feel of a true neighborhood mixed-use building, backed by 17 income-producing units and a 9.06% cap rate.
The asset consists of 14 residential apartments—10 one-bedroom and 4 studio units—along with 3 street-level commercial storefronts, providing diversified income across residential and commercial uses. Electric and cooking gas are separately metered.
Beyond the existing rental income, the property offers additional revenue opportunities through 14 basement storage units, while on-site laundry is professionally leased and serviced under contract.
The building has been carefully maintained and retains tremendous architectural character. Residential units feature hardwood floors, vinyl windows and bright, airy interiors, while ownership has continued investing in the property through meaningful capital improvements.
Recent improvements include a GACO roof (2024), Bradford White hot water tank under warranty (2026), new professionally leased laundry equipment (2025), keyless entry system (2025), Arlo camera system (2025), and upgraded LED lighting throughout common areas, exterior and Store 2 (2026).
A brand-new Certificate of Occupancy will be delivered at closing.
For investors seeking scale, immediate cash flow, diversified income and additional revenue potential, 321–331 Driving Park Avenue presents a compelling opportunity. Its combination of 17 units, prominent corner visibility, classic architecture, recent capital investment and a strong 9.06% going-in cap rate makes this an asset that stands apart from the typical Rochester multifamily offering.
Seller may complete a 1031 Exchange, which could affect the closing timeline.
The asset consists of 14 residential apartments—10 one-bedroom and 4 studio units—along with 3 street-level commercial storefronts, providing diversified income across residential and commercial uses. Electric and cooking gas are separately metered.
Beyond the existing rental income, the property offers additional revenue opportunities through 14 basement storage units, while on-site laundry is professionally leased and serviced under contract.
The building has been carefully maintained and retains tremendous architectural character. Residential units feature hardwood floors, vinyl windows and bright, airy interiors, while ownership has continued investing in the property through meaningful capital improvements.
Recent improvements include a GACO roof (2024), Bradford White hot water tank under warranty (2026), new professionally leased laundry equipment (2025), keyless entry system (2025), Arlo camera system (2025), and upgraded LED lighting throughout common areas, exterior and Store 2 (2026).
A brand-new Certificate of Occupancy will be delivered at closing.
For investors seeking scale, immediate cash flow, diversified income and additional revenue potential, 321–331 Driving Park Avenue presents a compelling opportunity. Its combination of 17 units, prominent corner visibility, classic architecture, recent capital investment and a strong 9.06% going-in cap rate makes this an asset that stands apart from the typical Rochester multifamily offering.
Seller may complete a 1031 Exchange, which could affect the closing timeline.
Bilan financier (Réel - 2025) |
Annuel (CAD) | Annuel par pi² (CAD) |
|---|---|---|
| Revenu de location brut |
243 822 $
|
17,42 $
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
243 822 $
|
17,42 $
|
| Taxes |
21 171 $
|
1,51 $
|
| Dépenses d’exploitation |
59 361 $
|
4,24 $
|
| Total des dépenses |
80 532 $
|
5,75 $
|
| Revenu net d’exploitation |
163 290 $
|
11,66 $
|
Bilan financier (Réel - 2025)
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | 243 822 $ |
| Annuel par pi² | 17,42 $ |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | 243 822 $ |
| Annuel par pi² | 17,42 $ |
| Taxes (CAD) | |
|---|---|
| Annuel | 21 171 $ |
| Annuel par pi² | 1,51 $ |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | 59 361 $ |
| Annuel par pi² | 4,24 $ |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | 80 532 $ |
| Annuel par pi² | 5,75 $ |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | 163 290 $ |
| Annuel par pi² | 11,66 $ |
Faits sur la propriété
Commodités
- Détecteur de fumée
Commodités des unités
- Laveuse/Sécheuse
- Cuisine avec coin repas
- Bain/Douche
- Sous-sol
Commodités du site
- Installations de lessive
- Commerce de détail sur place
Unité renseignements sur le mélange
| Description | Nombre d’unités | Loyer moyen/mois | pi² |
|---|---|---|---|
| 1+1 | 10 | - | - |
| Studios | 4 | - | - |
1 1
Moyennement accessible à pied
60/100
Moyennement adapté aux voitures
60/100
Transports en commun relativement accessibles
50/100
Moyennement accessible en vélo
60/100
Impôts fonciers
| Numéro de lot | 261400 090.82-1-23.001 | Évaluation totale | 523 427 $ CAD |
| Évaluation du terrain | 25 103 $ CAD | Impôts annuels | 21 171 $ CAD (1,51 $ CAD/pi²) |
| Évaluation des bâtiments | 498 324 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
261400 090.82-1-23.001
Évaluation du terrain
25 103 $ CAD
Évaluation des bâtiments
498 324 $ CAD
Évaluation totale
523 427 $ CAD
Impôts annuels
21 171 $ CAD (1,51 $ CAD/pi²)
Année d’imposition
2025
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
1 de 1
Présenté par
321 Driving Park Ave
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