345 Lake Ave

Rochester, NY 14608

$930,000
Last Sold Price
—
Beds
—
Baths
28,586 Sq. Ft.
$33 / Sq. Ft.
28,586
Sq. Ft.
$33
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 7/6/16
Closed 7/6/16
Exterior Front

Description

35 Unit Brick building. 5,000 square foot garage for possible additional rental income and owner would like to rent back at $800 per month. Brand new Certificate of Occupancy issued October 2015. All new vinyl windows. 7 new 95% efficiency modulating furnaces. Extensive new insulation added last year in attic, basement, and all ducts. Security cameras and thermostat both tied into internet and accessible form your smart phone. Many long term tenants. Very strong rental history. 19,256 square feet...35 Unit Brick building. 5,000 square foot garage for possible additional rental income and owner would like to rent back at $800 per month. Brand new Certificate of Occupancy issued October 2015. All new vinyl windows. 7 new 95% efficiency modulating furnaces. Extensive new insulation added last year in attic, basement, and all ducts. Security cameras and thermostat both tied into internet and accessible form your smart phone. Many long term tenants. Very strong rental history. 19,256 square feet of living area. Rent roll and operating expenses available upon request.
  1. Listed by Palazzo, Mark J. • Rich Realty
    P: (585)-259-4050 C: (585)-259-4050 mark@therichgroup.com

Property Details for 345 Lake Avenue

Subdivision Comm Complex
PHELPS
On Waterfront
No
Nearest Cross Street
Lorimer
LISTING UPDATED: 06/24/2024 12:16 PM

Property Details for 345 Lake Avenue

StatusClosed
MLS #R286093
Days on Market163
Taxes$36,022 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Commercial
Year Built1920
Lot Size0.91 AC / 39,639 SF
CountyMonroe County
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Location

Listing Courtesy of Rich Realty

Sold By Empire Realty Group

Add your commute

Building Information for 345 Lake Avenue

Stories2Residences35Year Built1920Building Size-Lot Size0.91 AC / 39,639 SF

Payment Calculator

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$7,685 per month

30 year fixed, 6.46% Interest

Principal and Interest

$4,683

Property Taxes

$3,002

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 345 Lake Avenue

Summary
Location and General Information
  • Elementary School District: Rochester
  • High School District: Rochester
  • Middle School Name: Other - See Remarks
  • 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: $36,022.00
Property
Lot Information
  • Building Area Total: 28586.0
  • Land Features: Near Public Transit
  • Num Of Acres: 0.91
  • Lot Size Area: 0.91
  • Lot Size Units: Acres
  • Parcel Number: 261400-105-520-0001-008-001-0000
  • Road Frontage: Main Thoroughfare
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $525,000
  • Year Built: 1920
  • Year Built Description: Existing
  • Property Sub Type Additional: Commercial
Utilities
  • Num Of Electric Meters: 1
  • Num Of Gas Meters: 36
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Other, See Remarks
  • Construction Materials: Brick
  • Exterior Features: Blacktop Driveway
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Water Heater, See Remarks
  • Basement Description: Full
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 28586.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $222,300.00
  • Net Operating Income: $186,278.00
  • Number Of Units Total: 35
  • Operating Expenses: $.00
  • Operating Expense Includes: Other, See Remarks
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Rent Includes: Electricity, Heat, Hot Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 345 Lake Avenue

DateEvent & SourcePriceAppreciation
Jul 6, 2016

Sold

WNYREIS #R286093

$930,000—
Mar 24, 2016

Pending

WNYREIS #R286093

—
Oct 13, 2015

Listed (Active)

WNYREIS #R286093

$1,050,000—
DateEvent & SourcePrice
07/06/2016

Sold

WNYREIS #R286093

$930,000
03/24/2016

Pending

WNYREIS #R286093

—
10/13/2015

Listed (Active)

WNYREIS #R286093

$1,050,000

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

Schools near 345 Lake Avenue

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
School 54 Flower City Community School
Public - PK to 6
School 5 John Williams
Public - PK to 6
Rochester Early College International High School
Public - 9 to 12
School 17 Enrico Fermi
Public - PK to 6
Rating
School
Distance
School 54 Flower City Community School
PublicPK to 6

School 5 John Williams
PublicPK to 6

Rochester Early College International High School
Public9 to 12

School 17 Enrico Fermi
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 Rich Realty

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.