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    Apartment buildings

    622 Monroe Ave, Rochester, NY 14607

    3,673 SF 0.24 ac lot Built 1925
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a four-unit apartment building located at 622 Monroe Avenue in Rochester, New York. Built in 1925, this two-story building boasts a total of 3,673 square feet situated on a 0.24-acre lot. The property is classified as a Class C multifamily building and currently commands an attractive 7.60% capitalization rate, making it an ideal addition to any investor's portfolio. The asking price is $360,000. The property is zoned C-2 Community Center, offering potential for future development or expansion, subject to local regulations. The building's four units provide consistent rental income. The property's Assessment Parcel Number (APN) is 261400 121.58-1-45.001. This well-located property in Monroe County, New York, with its zip code 14607, presents a compelling opportunity for immediate income generation and long-term appreciation. The coordinates are 43.1452 latitude and -77.5907748 longitude. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1925
    Total area 3,673 SF
    Lot 0.24 ac (10,454 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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