571 Lake Ave Rochester, NY 14613
Edgerton NeighborhoodEstimated payment $7,920/month
Highlights
- 0.36 Acre Lot
- Wood Flooring
- Coin Laundry
- Property is near public transit
- Forced Air Heating System
- Rectangular Lot
About This Home
Introducing a prime investment opportunity in the heart of Rochester, NY - 571 Lake Ave. This 23-unit brick apartment building with 4 storage garages offers immense potential for rental income growth. Built in 1910, the property features a mix of units including 1 studio, 18 one-bedroom, and 4 two-bedroom apartments over 18,816 square feet. Currently, the rents are significantly below market value, presenting a unique opportunity for a savvy investor to enhance cash flow.
With separate utilities, a solid payment history from all cash tenants, and the potential to increase rents and utilize the garage units, this property is a lucrative find. The location benefits from strong demand, with tenants appreciating the proximity to amenities and easy access to the vibrant Rochester community. Don't miss out on the chance to own a piece of Rochester's real estate market with 571 Lake Ave.
Cap does not include potential income from garage units. Also does not include management/vacancy or repair assumption. Proof of funds and proof of financing requester before all showings. Please allow 48 hours for scheduling showings and notifying tenants. Rent Roll and expense info available on request.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $24,001
Year Built
- Built in 1910
Lot Details
- 0.36 Acre Lot
- Lot Dimensions are 76x206
- Rectangular Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 28,224 Sq Ft Home
- 3-Story Property
- Basement Fills Entire Space Under The House
Flooring
- Wood
- Ceramic Tile
Location
- Property is near public transit
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- Gas Water Heater
Listing and Financial Details
- Tax Lot 18
- Assessor Parcel Number 261400-105-350-0003-018-000-0000
Community Details
Overview
- 23 Units
- Mc Crackenville & Street Subdivision
Amenities
- Coin Laundry
Building Details
- 24 Separate Gas Meters
- Operating Expense $14,000
- Gross Income $168,000
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | Pending | -- | -- | -- |
| 06/03/2025 06/03/25 | For Sale | $1,095,000 | -- | $39 / Sq Ft |
Source: Upstate New York Real Estate Information Services (UNYREIS)
MLS Number: R1611866
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