55 Pine Street

Investors, take notice at this property has a proforma cap rate of 8.3% and has an asking price less than other listed multifamily properties in Rochester! For a seasoned investor, or an owner occupant looking to purchase their first home, the lack of deferred maintenance creates an unique opportunity to maximize your return on capital. Utilities for heat and electric are separated creating less costs for the landlord. This property has a new roof and hot water heaters that are only a few years old. Tenants have access to washer & dryer hookups throughout the units and a big backyard space. Owning property in Rochester, an upcoming city that is growing in population and development, creates a unique opportunity for the housing market to appreciate. Additionally, the property is located in an opportunity zone with additional tax benefits. Delayed showings begin on Saturday, August 19th at 11:00AM-1:00PM and Sunday, August 20th at 1:00PM-3:00PM.