Active
301 Central Avenue
Rochester NY, 14605
$1,725,000
$126.93 per sqft
Active
13,590 sqft
Commercial
Built in 1885
Welcoming the Masterfully Redeveloped Central Ave Lofts Building to the market. This completely renovated 14 Unit Mixed-Use Property Offers (12) Turnkey Apartments, and (2) Retail Storefronts. The building showcases all new HVAC, Plumbing, Energy Efficient Windows, Water Service (domestic & fully sprinklered), Electric Service, & Common Areas. The apartments sport generous 10 foot ceilings, exposed brick accent walls, brand new flooring, tiled kitchen and restrooms, stainless steel appliances, secured keyless entry, In-unit washer/dryer, granite countertops, and more. The developer spared no costs in bringing this building back online for the Rochester housing market. Located directly off the city's inter-loop and close to all downtown amenities, business, and employers. Full occupancy, stabilized with recent long term market rate leases. Enjoy a 1.30% Debt Service Coverage Ratio on financing at a 7.25% cap upon entry. Inquire today for more.
R1479588
MLSⓇ ID
June 21, 2023
Listed
May 9, 2024
Updated
Map
301 Central Avenue
Rochester NY, 14605
Interior Features
Total Stories
4
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Gas, Forced Air
Exterior/Building Features
Lot Size
0.1 Acres
Roof
Other, See Remarks
Sewer
Public Sewer
School Information
School District
Rochester
Other Property Details
Area Name
Rochester City-261400
Taxes
$6,911
Tax Frequency
Annually
Days on Market
91
Garage
No
Parking
Off Site, On Site
Parking Total
4
View
No
County
Monroe
Municipality
Not Applicable
Water Source
Public
Pool
No
Zoning
CCD-B
Buyer Agency Compensation
3%
Courtesy of NORCHAR, LLC, Evan Schaefer
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Data last updated 4:11 PM UTC, 5/9/2024