196 Driving Park Ave Rochester, NY 14613

Building Details

Year Built

1920

Listing agency m***@therichgroup.com Show Phone

Listed by Mark J. Palazzo Show Phone

Source Elliman

Added: Apr 24 Updated: Jul 21 at 2:30AM Checked: Jul 21 at 6:48AM

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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 Mark J. Palazzo

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Investment Insights

Based on property information with market context.

This is an 8-unit multifamily property with a unit mix of four one-bedroom apartments and four studio units. The building is constructed with solid all-brick exterior walls and includes separate forced hot air furnaces for each unit, individual electric panels with circuit breakers, and separate hot water tanks. A tear-off roof was completed in 2024, and the certificate of occupancy is valid through 1/22/2028. Multiple units are currently vacant and are expected to be delivered rent-ready.

Tenants pay their own utilities. The property also features a large lot.

From an operating standpoint, the income listing reflects current rents for three one-bedroom units totaling $2,829 as provided, along with one additional one-bedroom rent listed at $1,149 (includes utilities) and a $700 one-bedroom rent. Please refer to the offering materials for full details on income and expenses.

Key Highlights

• 8‑unit multifamily with a mix of four 1‑bedroom apartments and four studio units
• 5 units are currently vacant and ready for lease‑up to help support stabilization
• Solid all‑brick construction and tear‑off roof completed in 2024

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FAQs

What type of property is this?

Apartment building - Solid all-brick 8-unit property with 4 one-bedrooms, 4 studios, and vacant units ready for lease-up.

Where is this apartment building located?

The property is located at 196 Driving Park Ave Rochester, NY.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: 8‑unit multifamily with a mix of four 1‑bedroom apartments and four studio units; 5 units are currently vacant and ready for lease‑up to help support stabilization; Solid all‑brick construction and tear‑off roof completed in 2024