$175,000
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5,928 SqFt
SOLD DATE : 04/13/2021
Key Details
Sold Price $175,000
Property Type Multi-Family
Sub Type Rooming House
Listing Status Sold
Purchase Type For Sale
Square Footage 5,928 sqft
Price per Sqft $29
MLS Listing ID R1313051
Sold Date 04/13/21
Construction Status Existing
HOA Y/N No
Year Built 1921
Annual Tax Amount $6,046
Lot Size 0.476 Acres
Acres 0.4764
Lot Dimensions 50X415
Property Sub-Type Rooming House
Property Description
Cash cow opportunity! Property is currently used as a rooming house and is a stable, turnkey operation that consistently generates over $6k per month and over $73k annually. 14 total rooms rented individually with month to month tenants. Day and night building manager on site 24/7, included in current monthly expenses of about $2700 per month. New owner can keep operation running or develop to their own liking. Additional rooms may be added with currently unused space. Possibilities are endless, previously was used as the Manchester Hotel. Condition is solid - vinyl siding, solid roof, and turnkey living spaces. Cameras throughout the building for management and staff. Coin op laundry on site. Individual locked basement storage for each occupant can be added at a nominal cost and could generate an additional $100-$200 per month. Convenient location, nearby the thruway and Route 96, nearby Victor and Canandaigua. Low Ontario County taxes make this an attractive investment.
Location
State NY
County Ontario
Area Manchester-Village-323601
Rooms
Basement Full
Interior
Heating Electric, Gas, Baseboard
Flooring Carpet, Hardwood, Laminate, Varies
Fireplace No
Appliance Electric Water Heater
Laundry Coin-operated
Exterior
Exterior Feature Blacktop Driveway, Deck
Community Features Laundry Facilities, Storage Facilities
Utilities Available Cable Available, Sewer Connected, Water Connected
Roof Type Asphalt
Porch Deck
Garage No
Building
Lot Description Residential Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Manchester-Shortsville (Red Jacket)
Others
Senior Community No
Tax ID 323601-032-018-0001-039-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Renowned Realty,LLC.