Sold
Last Sold Price
18,540 sqft
189 Lake Ave, Rochester, NY 14608
Multi FamilyProperty Type
0.39 acresLot Size
1935Year Built
$124/sq ftPrice per sq ft

Description

TURN KEY 57 Unit Residential PORTFOLIO on 11 well cared for properties. $388,920 GROSS INCOME. Continuously updated and maintained over 35 years. Well maintained and run, with HIGH AVERAGE OCCUPANCY (all units are MONTH TO MONTH). Off street parking. COIN LAUNDRY (additional $4000+ annually). Unit mix consists of studios, 1-4 bedroom apartments, single family homes and duplexes. Properties must be SOLD AS A PACKAGE. 100% Occupancy. This one is a Safe, Stable, and Low Maintenance Investment.TURN KEY 57 Unit Residential PORTFOLIO on 11 well cared for properties. $388,920 GROSS INCOME. Continuously updated and maintained over 35 years. Well maintained and run, with HIGH AVERAGE OCCUPANCY (all units are MONTH TO MONTH). Off street parking. COIN LAUNDRY (additional $4000+ annually). Unit mix consists of studios, 1-4 bedroom apartments, single family homes and duplexes. Properties must be SOLD AS A PACKAGE. 100% Occupancy. This one is a Safe, Stable, and Low Maintenance Investment.
  • Listed by: Charles M Milligan 585.388.1400 chip.milligan@gmail.com • Hunt Real Estate ERA/Columbus
  • Listed by: Philip Milligan 585.388.1400 PhilipMilligan1@gmail.com • Hunt Real Estate ERA/Columbus
Listing closed: 01/29/2021 12:00 AM • Source: WNYREIS, MLS#: R1280864

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Location

Listing Courtesy of Hunt Real Estate ERA/Columbus

Sold By Hunt Real Estate ERA/Columbus

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Payment Calculator

$14,375 per month

30 year fixed, 7.03% Interest

Principal and Interest

$12,279

Property Taxes

$2,097

HOA Dues

$0

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Property Information for 189 Lake Avenue

Property Details
  • Taxes: $25,161 / year
  • MLS Type: Multi Family / Other
  • Waterfront Description: Other, See Remarks
  • On Waterfront: No
  • Parking Description: One Space, Driveway, No Garage, Shared Driveway
  • Nearest Cross Street: Ambrose Street
Building Information
  • Stories: 4
  • Residences: 55
  • Year Built: 1935
  • Lot Size: 0.39 AC / 16,988 SF
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
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $25,161.00
Virtual Tour
  • Virtual Tour URL: idx.imprev.net/C769C2BD/68/141268/65884942/
Property
Lot Information
  • Building Area Total: 18540.0
  • Land Features: Other, Near Public Transit, See Remarks
  • Num Of Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Square Feet: 16988.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-105-600-0001-011-003-0000
  • Lot Number: 11
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $450,000
  • Year Built: 1935
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Num Of Electric Meters: 25
  • Num Of Gas Meters: 55
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Laundry Facilities
  • Construction Materials: Brick
  • Exterior Features: Blacktop Driveway
  • Roof Description: Other, See Remarks
Interior Features
  • Appliances: Gas Water Heater, See Remarks
  • Basement Description: Full
  • Basement YN: Yes
  • HVAC Type: Other, See Remarks
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Other, See Remarks
  • Heating: Gas, Other, See Remarks
  • Heating YN: Yes
  • Laundry Features: Coin Operated
  • Sq Ft Total: 18540.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $388,920.00
  • Net Operating Income: $363,759.00
  • Number Of Units Total: 55
  • Operating Expenses: $129,086.00
  • Operating Expense Includes: Other, See Remarks
  • Stories: 4
  • Stories Total: 4
Rental
Rental Information
  • Rent Includes: Other, See Remarks

Property History for 189 Lake Avenue

DateEvent & SourcePriceAppreciation
Jan 29, 2021

Sold

WNYREIS #R1280864

$2,300,000—
Jan 29, 2021

Sold

New York State Alliance of MLSs (Buffalo) #R1280864

$2,300,000—
Sep 22, 2020

Pending

WNYREIS #R1280864

—
DateEvent & SourcePrice
01/29/2021

Sold

WNYREIS #R1280864

$2,300,000
01/29/2021

Sold

New York State Alliance of MLSs (Buffalo) #R1280864

$2,300,000
09/22/2020

Pending

WNYREIS #R1280864

—

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

Schools near 189 Lake Avenue

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 8 to 12
Public - PK to 6
Rating
School
Distance
School 5 John Williams
PublicPK to 6

ANDREW A LANGSTON MIDDLE SCHOOL
Public7 to 8

Monroe Correctional Facility
Public8 to 12

School 54 Flower City Community School
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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 189 Lake Avenue, Rochester, NY 14608
$2,300,000
–
–
18,540
16,988
–
–
–
13,905
16,988
–
–
–
5,831
6,607
–
–
–
4,024
38,590
$15,000
–
2
1,851
5,320
$86,000
–
3
3,345
7,187

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Hunt Real Estate ERA/Columbus

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.