My Company's Sold Listings

$250,000 (USD)
Sold

West Ave Area Multi-Family Home

Sold

73-75 Somerset Street Rochester, NY 14611

7 Bed
2 Baths
2192 sqft
TURNKEY 2-FAMILY PROPERTY WITH A POTENTIAL 11%+ CAP RATE & 20%+ ANNUAL CASH-ON-CASH RETURN! Fully renovated and truly turnkey, this 2,192 sqft. duplex in Rochester’s desirable 19th Ward is a prime investment opportunity! The property features a spacious 3-bed/1-bath unit and a bright 4-bed/1-bath unit, providing strong rental versatility and plenty of living space. Major upgrades include fresh exterior paint, all new vinyl replacement windows, and a complete interior rehab. Inside, enjoy new vinyl flooring, stylish modern kitchens with white shaker cabinetry and brand-new stainless steel appliances, updated baths with tiled showers and new tubs, plus fresh paint and lighting throughout. Ideal for investors or owner-occupants alike. Live in one unit and rent the other to house-hack your way to little or no housing costs; or lease both units for maximum income. With projected gross revenue of $45,000+, a potential 11% cap rate, and 20%+ cash-on-cash return in year one, the financial upside is outstanding. Each unit has separate utilities, mechanicals, & laundry hookups in basement for tenant convenience. With both units vacant, you control the rents, select your tenants, and begin cash flowing right away. A beautiful, turnkey duplex with income potential ready for its next savvy owner. Don't miss the chance to own this gorgeous 19th Ward duplex!
Listing by: NYS ALLIANCE / Coldwell Banker Custom Realty / Anthony Sanza