1088 Lake Ave

Baths
5,858 Sq. Ft.
$54 / Sq. Ft.
5,858
Sq. Ft.
$54
per Sq. Ft.

Description

9 unit apartment building located in Maplewood All units are tenant occupied and all utilities are separated Approximately $5,000 a month in rental income with lower than market rents Annual Income $59,160 / Net Operating Income $41,483 Off street parking and detached 3 car garage Transferable C of O New blacktop driveway (2020) Roof approximately 12 years old Most of the windows have been updated with vinyl or aluminum replacement windows9 unit apartment building located in Maplewood All units are tenant occupied and all utilities are separated Approximately $5,000 a month in rental income with lower than market rents Annual Income $59,160 / Net Operating Income $41,483 Off street parking and detached 3 car garage Transferable C of O New blacktop driveway (2020) Roof approximately 12 years old Most of the windows have been updated with vinyl or aluminum replacement windows
  1. Listed by Steve Vaisey • RE/MAX Plus
    P: (585)-279-8200 C: (585)-230-8180 steve@stevevaisey.com

Property Details for 1088 Lake Avenue

Subdivision Comm Complex
Maplewood Subn & Town Lt
On Waterfront
No
Parking Description
Three Or More Spaces
Nearest Cross Street
Birr Street
LISTING CLOSED: 11/17/2022 12:00 AM

Property Details for 1088 Lake Avenue

StatusClosed
MLS #R1419417
Days on Market13
Taxes$11,878 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Other
Year Built1920
Lot Size0.44 AC / 19,009 SF
CountyMonroe County

Location

Listing Courtesy of RE/MAX Plus

Sold By Hunt Real Estate ERA/Columbus

Add your commute

Building Information for 1088 Lake Avenue

Stories3Residences9Year Built1920Building Size-Lot Size0.44 AC / 19,009 SF

Payment Calculator

$2,572 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,582

Property Taxes

$990

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1088 Lake Avenue

Summary
Location and General Information
  • Elementary School District: Rochester
  • High School District: Rochester
  • Middle Or Junior School District: Rochester
  • Village: Not Applicable
  • Human YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $11,878.00
Property
Lot Information
  • Building Area Total: 5858.0
  • Land Features: Near Public Transit, Rectangular, Rectangular Lot
  • Num Of Acres: 0.4364
  • Lot Size Area: 0.4364
  • Lot Size Square Feet: 19009.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-090-670-0002-015-000-0000
  • Lot Number: 15
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $225,000
  • Year Built: 1920
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 9
  • Num Of Gas Meters: 10
  • Sewer Description: Connected
  • Utilities Available: Cable Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Laundry Facilities, Storage Facilities
  • Construction Materials: Aluminum Siding, Brick, Steel Siding, Wood Siding, Copper Plumbing
  • Exterior Features: Blacktop Driveway, Patio
  • Patio And Porch Features: Patio
  • Roof Description: Asphalt
Interior Features
  • Appliances: Free Standing Range, Gas Water Heater, Oven, Refrigerator
  • Basement Description: Full, Partially Finished, Walk Out Access
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Hardwood, Resilient, Varies
  • Heating: Gas, Forced Air, Wall Furnace
  • Heating YN: Yes
  • Interior Features: Natural Woodwork
  • Laundry Features: Common Area, Coin Operated
  • Sq Ft Total: 5858.0
  • Main Level Bathrooms: 0
  • Window Features: Thermal Windows
Multi Family
Multi-Family Information
  • Gross Annual Income: $59,160.00
  • Net Operating Income: $41,483.00
  • Number Of Units Total: 9
  • Operating Expenses: $5,799.00
  • Operating Expense Includes: Electric, Fuel, Insurance, Maintenance Structure, Maintenance, Snow Removal, Trash, Water Sewer
  • Stories: 3
  • Stories Total: 3
Rental
Rental Information
  • Rent Includes: Hot Water, Other, See Remarks, Snow Removal, Trash Collection, Water
  • Tenant Pays: All Utilities

Property History for 1088 Lake Avenue

DateEvent & SourcePriceAppreciation
Nov 17, 2022

Sold

New York State Alliance of MLSs (Buffalo) #R1419417

$317,500
Nov 17, 2022

Sold

WNYREIS #R1419417

$317,500
Sep 1, 2022

Sold (Public Record)

Public Record #1501508036

$317,500
DateEvent & SourcePrice
11/17/2022

Sold

New York State Alliance of MLSs (Buffalo) #R1419417

$317,500
11/17/2022

Sold

WNYREIS #R1419417

$317,500
09/01/2022

Sold (Public Record)

Public Record #1501508036

$317,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1088 Lake Avenue

Taxable ValueLand$85,500Additions$232,000Total$317,500
Tax Record2024$2,973 ($248 / month)
Home Facts
Total Finished SqFt4,232 SqFtAbove Grade Finished SqFt4,232 SqFtStories3Lot Size19,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyMONROEAPN261400 090.67-2-15

Schools near 1088 Lake Avenue

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 7 to 12
Public - PK to 6
Rating
School
Distance
School 7 Virgil Grissom
PublicPK to 6

ANDREW A LANGSTON MIDDLE SCHOOL
Public7 to 8

Ida B Wells-Barnett Elementary School 34
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of RE/MAX Plus

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.