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    56 Chili Ter Rochester, NY 14619

    For Sale
    $199,900

    Fully renovated five-unit property with strong cash flow potential.

    Lot size:
    0.19 Acres

    Property Features for 56 Chili Ter

    General Information

    Lot size
    0.19 Acres

    Building Details

    Year built
    1900

    Source: Coldwell Banker Custom Realty Agent Joseph Skelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Income-Producing Five-Unit Property

    Located at 56 Chili Terrace, this income-producing property presents an opportunity to expand an investment portfolio. The building features five residential units, along with a bonus storage unit that includes a full bathroom, offering potential for additional income. Each unit is individually metered for electric, gas, and water. Residents benefit from a large off-street parking lot with designated parking spots. The building is meticulously maintained, featuring low-maintenance exterior siding and a new tear-off roof. Each unit has been updated to enhance tenant comfort and rental value. With a gross annual income exceeding $47,000, this property is a turn-key investment offering strong steady cash flow.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Monroe
    State
    New York
    Longitude
    -77.6526823
    Latitude
    43.1433763

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    FAQs

    What type of property is this?
    Apartment building - Fully renovated five-unit property with strong cash flow potential.
    Where is this apartment building located?
    The property is located at 56 Chili Ter Rochester, NY.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Fully renovated, income-producing property with a gross annual income exceeding $47,000.; - Five residential units plus a bonus storage unit with a full bathroom, offering potential for additional income.; - Each unit is individually metered for electric, gas, and water.
    (607) 725-7633
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    56 Chili Ter Rochester, NY 14619
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    Rochester, NY 14619
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    56 Chili Ter Rochester, NY 14619
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