501 West 3rd Street
Description
blend of historic charm and modern vibrancy. Here, you’ll find more than 350 shops to explore. Very unique, well maintained
4-unit complex with additional 3 car garage and separate laundry/out building that has development potential. All units have private entrances, are one bedroom/one bath and are spacious at 900 sq. ft.. Each unit offers a different floor plan
and unique...Charming, hard to find four family investment property in Rochester. Enjoy a short walk to town where you will find a delightful
blend of historic charm and modern vibrancy. Here, you’ll find more than 350 shops to explore. Very unique, well maintained
4-unit complex with additional 3 car garage and separate laundry/out building that has development potential. All units have private entrances, are one bedroom/one bath and are spacious at 900 sq. ft.. Each unit offers a different floor plan
and unique characteristics. The complex has many updates to include: newer HVAC systems, updated Pella windows, refinished hardwood floors,
appliances, cabinets and full cement driveway. All units are currently occupied have an excellent rental history. Current rates are under market value and the new owner has
an opportunity to increase ROI. Please do not approach the tenants. Finacial documents available in documents.
- Listed by Jeffery Alasina • Brokerage DRE #348751BR0026 • Coldwell Banker Realty-BirminghamP: (248)-644-6300 C: (248)-425-2979 jalasina@cbwm.com
Property Details for 501 West 3rd Street
Location
Sold By @properties Christie's Int'l R E Rochester
Building Information for 501 West 3rd Street
Payment Calculator
$4,267 per month
30 year fixed, 6.55% Interest
$3,253
$1,014
$0
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1Property Information for 501 West 3rd Street
- Directions: South of University/west of Main Street
- Latitude: 42.67896191
- Longitude: -83.1385979
- Cross Street: South of University/west of Main Street
- MLS Area Major: Rochester (63152)
- Parcel Number: 1515208010
- Tax Amount Summer: $9,179.00
- Tax Amount Winter: $2,988.00
- Tax Annual Amount: $12,167.00
- Tax Assessed Value: $238,610.00
- Tax Legal Description: T3N, R11E, SEC 15 SUPERVISOR'S PLAT NO 4 E 80 FT OF W 130 FT OF LOT 101
- High School District: Rochester
- Parking Total: 5.0
- Attached Garage: No
- Garage: Yes
- Parking Features: Assigned, Garage, Lighted, On Street, Paved, Shared Driveway
- Virtual Tour URL Unbranded: https://www.propertypanorama.com/instaview/nocbor/20240051308
- Tour URL Update Date: 07-17-2024 11:23:58 AM
- Lot Size Acres: 0.32
- Lot Size Area: 0.32
- Lot Size Dimensions: 60.00 x 172.00
- Lot Size Units: Acres
- Road Frontage Type: Paved
- Road Surface Type: Paved
- State Equalized Value: 257920.0
- Living Area: 4217.0
- Building Area Total: 4217.0
- Above Grade Finished Area: 4217.0
- Below Grade Total Area: 1818.0
- Class Name: Residential Income
- Living Area Source: Assessor
- New Construction: No
- Year Built: 1945
- Construction Materials: Aluminum Siding
- Foundation Details: Basement, Block, Crawl Space
- Levels: Two
- Year Remodeled: 2013
- Roof: Asphalt
- Stories Total: 2
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Utilities: Natural Gas Available
- Water Source: Public
- Bathrooms Total Notational: 4.0
- Basement: Common, Unfinished
- Has Basement: Yes
- Bathrooms Full: 4
- Bathrooms Total Integer: 4
- Cooling: Central Air
- Has Cooling: Yes
- Fireplace: No
- Heating: Forced Air, Natural Gas
- Has Heating: Yes
- Laundry Features: Laundry Room, Other
- Community Features: Sidewalks
- Exterior Features: Private Entrance
- Patio And Porch Features: Covered, Porch
- Number of Units Leased: 4
- Number of Units Total: 4
- Gross Scheduled Income: $56,340.00
- Net Operating Income: $35,911.00
- Operating Expense: $20,429.16
- Public GLR Website: Yes
- Monthly Rental Income: $4,695.00
- Existing Lease: Yes
- Pets Allowed: Breed Restrictions, Number Limit, Size Limit
- Rent Includes: Sewer, Snow Removal, Water, Yard Maintenance
- Rent Spree: No
Property History for 501 West 3rd Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Aug 6, 2024 | Sold (Public Record) Public Record #1538838920 | $640,000 | +12.9% / yr |
| Aug 6, 2024 | Sold Realcomp #20240051308 | $640,000 | — |
| Aug 6, 2024 | Sold MiRealSource #60323921 | $640,000 | — |
| Jul 22, 2024 | Contract Signed Realcomp #20240051308 | — | |
| Jul 20, 2024 | Contract Signed MiRealSource #60323921 | — | |
| Jul 16, 2024 | Listed (Active) MiRealSource #60323921 | $668,000 | — |
| Jul 16, 2024 | Listed (Active) Realcomp #20240051308 | $668,000 | — |
| Jul 23, 2018 | Sold Realcomp #218055037 | $535,000 | — |
| Jul 23, 2018 | Sold MiRealSource #21463504 | $535,000 | — |
| Jun 20, 2018 | Contract Signed Realcomp #218055037 | — | |
| Jun 19, 2018 | Contract Signed MiRealSource #21463504 | — | |
| Jun 19, 2018 | Listed (Active) Realcomp #218055037 | $549,900 | — |
| Jun 19, 2018 | Listed (Active) MiRealSource #21463504 | $549,900 | — |
| Dec 15, 2016 | Temporarily Off Market MiRealSource #21222066 | $449,000 | — |
| Dec 15, 2016 | Temporarily Off Market Realcomp #216096927 | $449,000 | — |
| Sep 30, 2016 | Listed (Active) MiRealSource #21222066 | $575,000 | — |
| Sep 30, 2016 | Listed (Active) Realcomp #216096927 | $575,000 | — |
| Jul 10, 2012 | Sold Realcomp #212032872 | $147,500 | — |
| Jul 9, 2012 | Sold (Public Record) Public Record #335286579 | $147,500 | — |
| Jul 9, 2012 | Sold Realcomp #58031096866 | $147,500 | — |
| May 7, 2012 | Contract Signed Realcomp #212032872 | — | |
| May 7, 2012 | Contract Signed Realcomp #58031096866 | — | |
| Apr 2, 2012 | Listed (Active) Realcomp #212032872 | $152,500 | — |
| Apr 2, 2012 | Listed (Active) Realcomp #58031096866 | $152,500 | — |
| Date | Event & Source | Price |
|---|---|---|
| 08/06/2024 | Sold (Public Record) Public Record #1538838920 | $640,000 +12.9% / yr |
| 08/06/2024 | Sold Realcomp #20240051308 | $640,000 |
| 08/06/2024 | Sold MiRealSource #60323921 | $640,000 |
| 07/22/2024 | Contract Signed Realcomp #20240051308 | — |
| 07/20/2024 | Contract Signed MiRealSource #60323921 | — |
| 07/16/2024 | Listed (Active) MiRealSource #60323921 | $668,000 |
| 07/16/2024 | Listed (Active) Realcomp #20240051308 | $668,000 |
| 07/23/2018 | Sold Realcomp #218055037 | $535,000 |
| 07/23/2018 | Sold MiRealSource #21463504 | $535,000 |
| 06/20/2018 | Contract Signed Realcomp #218055037 | — |
| 06/19/2018 | Contract Signed MiRealSource #21463504 | — |
| 06/19/2018 | Listed (Active) Realcomp #218055037 | $549,900 |
| 06/19/2018 | Listed (Active) MiRealSource #21463504 | $549,900 |
| 12/15/2016 | Temporarily Off Market MiRealSource #21222066 | $449,000 |
| 12/15/2016 | Temporarily Off Market Realcomp #216096927 | $449,000 |
| 09/30/2016 | Listed (Active) MiRealSource #21222066 | $575,000 |
| 09/30/2016 | Listed (Active) Realcomp #216096927 | $575,000 |
| 07/10/2012 | Sold Realcomp #212032872 | $147,500 |
| 07/09/2012 | Sold (Public Record) Public Record #335286579 | $147,500 |
| 07/09/2012 | Sold Realcomp #58031096866 | $147,500 |
| 05/07/2012 | Contract Signed Realcomp #212032872 | — |
| 05/07/2012 | Contract Signed Realcomp #58031096866 | — |
| 04/02/2012 | Listed (Active) Realcomp #212032872 | $152,500 |
| 04/02/2012 | Listed (Active) Realcomp #58031096866 | $152,500 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 501 West 3rd Street
Schools near 501 West 3rd Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 12 | |||
| Public - | 7 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
McGregor Elementary School PublicPK to 5 | ||
West Middle School Public6 to 12 | ||
Rochester High School Public7 to 12 | ||
John M Schultz Educational Campus Public9 to 12 |
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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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.
Listing Courtesy of Coldwell Banker Realty-Birmingham
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