1075 Genesee Street

Rochester, NY 14611

$320,000
Last Sold Price
—
Beds
3,034 Sq. Ft.
$105 / Sq. Ft.
3,034
Sq. Ft.
$105
per Sq. Ft.

Description

Buyer walked! Want a great investment property with steady payers and no vacancy? Own your own mini dorm! This place is fully rented with all new 1-year leases walking distance to the U of R. One 2 bedroom and 4 studio apartments have been owned and well maintained by current owners for over 30 years. Nets $35,447! That's 11.25% cap rate! Included coin-op laundry yield additional $700+ per year. Tenants each cut 1 check that includes heat, hot water and internet so it's always rented and owner has...Buyer walked! Want a great investment property with steady payers and no vacancy? Own your own mini dorm! This place is fully rented with all new 1-year leases walking distance to the U of R. One 2 bedroom and 4 studio apartments have been owned and well maintained by current owners for over 30 years. Nets $35,447! That's 11.25% cap rate! Included coin-op laundry yield additional $700+ per year. Tenants each cut 1 check that includes heat, hot water and internet so it's always rented and owner has just 1 boiler and 1 hot water tank to maintain. It's as easy as it gets!
  1. Listed by Robert W. Sloan • Howard Hanna

Property Details for 1075 Genesee Street

Subdivision Comm Complex
Frost
On Waterfront
No
Nearest Cross Street
Congress

Location

Listing Courtesy of Howard Hanna

Sold By Elevate Realty Group

Add your commute
LISTING UPDATED: 12/20/2021 09:26 AM

Property Details for 1075 Genesee Street

StatusS - Closed / Rented
MLS #R1364901
Days on Market11
Taxes$6,372 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5 + Unit Apartments / Other - See Remarks
Year Built1111
Lot Size-
CountyMonroe County

Location

Listing Courtesy of Howard Hanna

Sold By Elevate Realty Group

Add your commute

Building Information for 1075 Genesee Street

Stories2Residences-Year Built1111Building Size-Lot Size-

Payment Calculator

$2,277 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,746

Property Taxes

$531

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1075 Genesee Street

Summary
Location and General Information
  • Directions to Property: On the corner of Genesee and Congress
  • School District Name: Rochester
  • Village: Not Applicable
Owner
  • Owner 1 First Name: Simone
  • Owner 1 Last Name: Schouten
  • Owner 2 First Name: Ford
  • Owner 2 Last Name: Kinney
Parking
  • Garage Spaces per Apt: Less Than 1 Space
  • Parking Spaces per Apt: 1 Space
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
Property
Lot Information
  • Parcel Number: 261400-135-420-0001-033-000-0000
  • Num Of Acres: 0
  • Age Of Building: 910
  • Lot Number: 33
  • Lot Information: Corner Lot, Near Bus Line, Neighborhood Street
Property and Assessments
  • Annual Special Assessment: $0
  • Assessed Value: $87,500
  • Year Built Description: Existing Unknown
  • Amenities Included: Coin Laundry
  • Floor Description: Hardwood-Some, Wall To Wall Carpet-Some
  • Second Mortgage Home Equity Bala: $0
Utilities
  • Num Of Electric Meters: 1
  • Num Of Gas Meters: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas
  • Water Resources: Public Connected
Interior and Exterior Features
Exterior Features
  • Additional Exterior Features: Cable TV Available, High Speed Internet
  • Driveway Description: Blacktop, Stone/Gravel
  • Exterior Construction: Vinyl
  • Roof Description: Asphalt, Shingles
Interior Features
  • Num Bedrooms 4 Th Floor: 0
  • Num Fireplaces Artificial: 0
  • Num Fireplaces Freestanding: 0
  • Num Fireplaces Gas: 0
  • Num Fireplaces Not Repto Code: 0
  • Num Fireplaces Other: 0
  • Num Fireplaces Pellet: 0
  • Num Fireplaces Total Calculated: 0
  • Num Fireplaces Woodburning: 0
  • Num Fireplaces Woodstoves: 0
  • Num Full Baths 4 Th Floor: 0
  • Num Half Baths 4 Th Floor: 0
  • Sq Ft Total: 3034
  • Additional Interior Features: Ceiling Fan, Circuit Breakers - Some, Copper Plumbing - Some, Laundry-Common
  • Basement Description: Exterior Walkout, Full
  • Heating Fuel Description: Gas
  • HVAC Type: Radiant
  • Kitchen Equip Appl Included: Dryer, Oven/Range Gas-Some, Refrigerator, Washer
Multi Family
Multi-Family Information
  • Special Conditions Call L Brk: No
  • Third Party Commentary Blog: No
  • Annual Operating Expenses: $13,393
  • Gross Annual Income: $48,840
  • Net Operating Income: $29,075
  • Num Of Heating Units: 1
  • Income Expense Information: Provided By Owner
  • Operating Expenses Include: Electric, Exterior Maintenance, Gas/Oil, Insurance, Refuse, Water / Sewer
Rental
Rental Information
  • Num Of 1 Bedroom Apartment: 0
  • Num Of 2 Bedroom Apartment: 1
  • Num Of 3 Bedroom Apartment: 0
  • Num Of Studio Apartments: 4
  • Total Num Of Apartments: 5
  • Rent Includes: All Utilities, Cable TV, Electric, Grounds Maintenance, Heat, Hot Water, Refuse Removal, Snow Removal, Water

Property History for 1075 Genesee Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1075 Genesee Street

Taxable ValueLand$21,100Additions$83,900Total$105,000
Home Facts
Total Finished SqFt2,046 SqFtAbove Grade Finished SqFt2,046 SqFtUnfinished Basement SqFt988 SqFtStories2Lot Size10,640 SqFtStyleMulti-Family Res (5+ Units)Year Built1920CountyMONROEAPN261400 135.42-1-33

Schools near 1075 Genesee Street

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - PK to 6
Public - PK to 6
Rating
School
Distance
School 19 Dr Charles T Lunsford
PublicPK to 8

Joseph C Wilson Magnet High School
Public9 to 12

School 29 Adlai E Stevenson
PublicPK to 6

School 2 Clara Barton
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.

Similar Homes

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Similar Sold Homes

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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.