551 Lexington Ave

2,730 Sq. Ft.
$64 / Sq. Ft.
2,730
Sq. Ft.
$64
per Sq. Ft.

Description

This mixed use property is an investors dream with brand new tear off roof, remodeled front office space with added half bath and new flooring. Some new flooring in occupied apartments. New egress window installed for lower apartment for compliance. There is a large 2 bedroom upper apartment with a deck and a charming lower 1 bedroom apartment with ramp access. There are many opportunities for the front office space! Front office is vacant due to recent remodel. There is a current C of O on this...This mixed use property is an investors dream with brand new tear off roof, remodeled front office space with added half bath and new flooring. Some new flooring in occupied apartments. New egress window installed for lower apartment for compliance. There is a large 2 bedroom upper apartment with a deck and a charming lower 1 bedroom apartment with ramp access. There are many opportunities for the front office space! Front office is vacant due to recent remodel. There is a current C of O on this property.
  1. Listed by Jennifer Surridge • Howard Hanna
    P: (315)-524-2331 C: (315)-333-8104 jennifersurridge@howardhanna.com

Property Details for 551 Lexington Avenue

Subdivision Comm Complex
J M Whitney
Styles Of Residence
Triplex
On Waterfront
No
Parking Description
Parking Available
Nearest Cross Street
Starling
LISTING CLOSED: 09/12/2024 12:00 AM

Property Details for 551 Lexington Avenue

StatusClosed
MLS #R1547295
Days on Market29
Taxes$3,340 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeResidential / Mixed Use
Year Built1900
Lot Size0.14 AC / 6,254 SF
CountyMonroe County

Location

Listing Courtesy of Howard Hanna

Sold By Keller Williams Realty Greater Rochester

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Building Information for 551 Lexington Avenue

Stories2Residences3Year Built1900Lot Size0.14 AC / 6,254 SF

Payment Calculator

$1,150 per month

30 year fixed, 6.36% Interest

Principal and Interest

$872

Property Taxes

$278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 551 Lexington Avenue

Summary
Location and General Information
  • Accessibility: Accessible Approach With Ramp
  • 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
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $3,340.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 2730.0
  • Land Features: Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.1436
  • Lot Size Area: 0.1436
  • Lot Size Square Feet: 6254.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-105-250-0001-006-000-0000
  • Road Frontage: City Street, Main Thoroughfare
  • Lot Number: 6
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $62,000
  • Year Built: 1900
  • Year Built Description: Existing
  • Zoning Description: Residential Multi Use
Utilities
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Cable Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Wood Siding, Copper Plumbing
  • Foundation Description: Block
  • Roof Description: Asphalt
  • Type Of Building: Mixed
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 3
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Laminate, Tile, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 2730.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $20,700.00
  • Net Operating Income: $14,432.00
  • Number Of Units In Community: 3
  • Number Of Units Total: 3
  • Operating Expenses: $2,928.00
  • Operating Expense Includes: Insurance, Trash, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $825.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $825.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 01-17-2025
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 825
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 0
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $850.00
  • Unit Type Num Full Baths: 0
  • Unit Type Num Half Baths: 1
  • Unit Type Actual Rent Range: 850
Unit 3
  • Unit Type Actual Rent: $900.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Dining Area With Kitchen,Living Room
  • Unit Type Total Rent: $900.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 01-01-2025
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 900
Rental
Rental Information
  • Rent Includes: Trash Collection, Water

Property History for 551 Lexington Avenue

DateEvent & SourcePriceAppreciation
Sep 12, 2024

Sold

New York State Alliance of MLSs (Buffalo) #R1547295

$175,000
Sep 12, 2024

Sold

WNYREIS #R1547295

$175,000
Sep 10, 2024

Sold (Public Record)

Public Record #1541680344

$175,000

+10.8% / yr

DateEvent & SourcePrice
09/12/2024

Sold

New York State Alliance of MLSs (Buffalo) #R1547295

$175,000
09/12/2024

Sold

WNYREIS #R1547295

$175,000
09/10/2024

Sold (Public Record)

Public Record #1541680344

$175,000

+10.8% / yr

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

Public Records for 551 Lexington Avenue

Taxable ValueLand$18,800Additions$52,300Total$71,100
Tax Record2025$858 ($72 / month)
Home Facts
Total Finished SqFt2,030 SqFtAbove Grade Finished SqFt2,030 SqFtUnfinished Basement SqFt700 SqFtStories2Lot Size6,254 SqFtStyleOffice BuildingYear Built1940Year Renovated1940CountyMONROEAPN261400 105.25-1-6

Schools near 551 Lexington Avenue

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
Ida B Wells-Barnett Elementary School 34
PublicPK to 6

ANDREW A LANGSTON MIDDLE SCHOOL
Public7 to 8

School 7 Virgil Grissom
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 Howard Hanna

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.