Duplex with Wraparound
New
For Sale
$300,000
13 Scotland Road, Canandaigua, NY 14424
Both kitchens have been updated, and the upper residence includes laundry.
Property Size2,184 SF
Days on Market5
Property Features for 13 Scotland Road
General Information
Standard status
Active
Size
2,184 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$6,042
Amenities
wraparound porches
laundry
Building Details
Building Size
2,184 SF
Year Built
1907
Listing Agency:
Coldwell Banker Custom Realty
Listed By:
Peggy A. Zecher · License #40ZE0912818
(585) 370-3137
Source:
Griffith-realty
Added: Oct 24
Changed: Oct 27
Last Checked: Oct 27 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Custom Realty
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Investment Insights
Based on property information with market context.
Built in 1907, this duplex combines wraparound porches with updated kitchens. Electrical wiring has been replaced throughout, the mechanical systems have been updated, and a new driveway serves the property. Laundry is located in the upper unit.
The property is minutes from the lake, shopping, and restaurants in Canandaigua City, New York.
The property is minutes from the lake, shopping, and restaurants in Canandaigua City, New York.
Key Highlights
- Wraparound porches
- Updated kitchens and mechanical systems
- Electrical wiring replaced throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,931
Cap Rate
8.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,620
$498.6K
Cap Rate 7%
$356,157
$356.2K
Cap Rate 9%
$277,011
$277.0K
Market Conditions
NOI Build-Up for 2,184 SF
Gross rent
$49.3K $22.56/SF
− Vacancy
−$3.9K −$1.80/SF
EGI
$45.3K $20.76/SF
− OpEx
−$20.4K −$9.34/SF
NOI
$24.9K $11.42/SF
Area
Ontario County, NY
Vacancy
8.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$498,620
Cap Rate 7%
$356,157
Cap Rate 9%
$277,011
Alternative Uses
Best Use
Multifamily LT 5
$399.6K
$349.6K – $466.2K
NOI $27,970 @ 7.0% cap · market cap 9.32%
Second Best
Apartment 5plus
$356.2K
$311.6K – $415.5K
NOI $24,931 @ 7.0% cap · market cap 8.31%
Theoretical Best
Office A
$653.7K
$572.0K – $762.7K
NOI $45,759 @ 7.0% cap · market cap 15.25%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
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Business Placement
Demographics for 14424, NY
28,353
Population
14,482
Households
2
Avg Household Size
48
Median Age
41%
College-Educated
94%
High-School Grad
129.5 sq mi
ZIP Area
219
Density / Sq Mi
$79,135
Median Household Income
$45,885
Median Earnings
$1,228
Median Rent
$250,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Both kitchens have been updated, and the upper residence includes laundry.
Where is this duplex located?
The property is located at 13 Scotland Road Canandaigua, NY.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Wraparound porches; Updated kitchens and mechanical systems; Electrical wiring replaced throughout
