Tompkins Realty of Rochester
A PERFECT DEVELOPMENT OPPORTUNITY! Mix of 23 two bedrooms, one bedrooms, and studio apartments with 6,000SF+ first floor retail. ARV shows major positive cash flow - high cap rates with plenty of room for purchase & redevelopment.
Walking distance to Eastman School and Inner Loop / Midtown developments. Surrounded by above-market rate apartments - this building could be suitable for a more reasonable rent demographic, which is in high demand right now.
Priced to sell - owned by motivated out of country sellers.