412 Melville Street

Rochester, NY 14609

$99,000
Last Sold Price
6
Beds
2
Baths
2,250 Sq. Ft.
$44 / Sq. Ft.
2,250
Sq. Ft.
$44
per Sq. Ft.

Description

Whopping 11.78 Cap Rate. All Major Updates have been completed including 2 New Furnaces (2yr old) and 2 New Water Heaters (1yr. & 2yr. old), vinyl siding, vinyl windows, Roof’s half-life. Separate Utilities, 2 Washer/ Hookups, Split Basement. Owner only pays water/sewer and trash. 412 Rents for 850 and was recently updated. 414 Rents for 650 has not been updated and tenant handles the lawncare. Annual Operating Income $17,400. Operating Expenses $2,221. Total Taxes $3,112. Net Operating Income $11,967....Whopping 11.78 Cap Rate. All Major Updates have been completed including 2 New Furnaces (2yr old) and 2 New Water Heaters (1yr. & 2yr. old), vinyl siding, vinyl windows, Roof’s half-life. Separate Utilities, 2 Washer/ Hookups, Split Basement. Owner only pays water/sewer and trash. 412 Rents for 850 and was recently updated. 414 Rents for 650 has not been updated and tenant handles the lawncare. Annual Operating Income $17,400. Operating Expenses $2,221. Total Taxes $3,112. Net Operating Income $11,967. Gives you a massive cap of nearly 12%.
  1. Listed by Joseph Andrew Avery • RE/MAX Titanium LLC
    P: 585-395-9574 C: 585-395-9574 JosephAvery.Realestate@gmail.com

Property Details for 412 Melville Street

Subdivision Comm Complex
East Side Subn
Styles Of Residence
Duplex
On Waterfront
No
Parking Description
Paved, On Street, Twoor More Spaces, Garage
Nearest Cross Street
Greeley St

Location

Listing Courtesy of RE/MAX Titanium LLC

Sold By eXp Realty, LLC

Add your commute
LISTING UPDATED: 03/24/2023 05:24 PM

Property Details for 412 Melville Street

StatusClosed
MLS #R1412420
Days on Market22
Taxes$3,112 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential / Duplex
Year Built1920
Lot Size0.09 AC / 4,000 SF
CountyMonroe County

Location

Listing Courtesy of RE/MAX Titanium LLC

Sold By eXp Realty, LLC

Add your commute

Building Information for 412 Melville Street

Stories2Residences2Year Built1920Building Size-Lot Size0.09 AC / 4,000 SF

Payment Calculator

$800 per month

30 year fixed, 7.25% Interest

Principal and Interest

$540

Property Taxes

$259

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 412 Melville Street

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: 1.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Rochester City-261400
  • Tax Annual Amount: $3,112.00
Property
Lot Information
  • Building Area Total: 2250.0
  • Land Features: Residential Lot
  • Num Of Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Square Feet: 4000.0
  • Lot Size Units: Acres
  • Parcel Number: 261400-107-550-0002-055-000-0000
  • Road Frontage: City Street
  • Lot Number: 55
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $60,000
  • Year Built: 1920
  • Year Built Description: Existing
  • Property Sub Type Additional: Duplex
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Copper Plumbing
  • Exterior Features: Deck, Fully Fenced, Private Yard, See Remarks
  • Fencing: Full
  • Patio And Porch Features: Deck
  • Roof Description: Asphalt
  • Structure Type: Duplex
Interior Features
  • Appliances: Gas Water Heater
  • 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
  • Sq Ft Total: 2250.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Gross Annual Income: $17,400.00
  • Net Operating Income: $11,767.00
  • Number Of Units In Community: 2
  • Number Of Units Total: 2
  • Operating Expenses: $2,521.00
  • Operating Expense Includes: Advertising, Insurance, Maintenance Structure, Maintenance, Professional Management, Snow Removal, Trash
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Dining Area With Kitchen,Living Room
  • Unit Type Total Rent: $650.00
  • Unit Type Lease Expires: 08-01-2022
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 650
Unit 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Dining Area With Kitchen,Living Room
  • Unit Type Total Rent: $850.00
  • Unit Type Lease Expires: 08-01-2022
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 850
Rental
Rental Information
  • Rent Includes: Parking, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 412 Melville Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 412 Melville Street

This home is within Rochester City School District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - K to 8
Public - 9 to 12
Public - PK to 6
Rating
School
Distance
School 33 Audubon
PublicPK to 6

School 28 Henry Hudson
PublicK to 8

East High School
Public9 to 12

School 52 Frank Fowler Dow
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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Listing Courtesy of RE/MAX Titanium LLC

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.