Listing IDR1460203
Price$5,900,000
StatusPending
SqFt
29,160
Acres
0.178
CountyMonroe
SubdivisionChampney Tr Square
Year Built1920
Property TypeCommercial Sale
Property Sub TypeOther
79 apartments located in 2 buildings at 325 Alexander Street and 345 Alexander Street in the vibrant East End District. 3 parking lots included, approximately 35 parking spaces. NEW Certificate of Occupancy transfers and expire in 2026 (in process). Walking distance to many restaurants, night life, and shopping....... For 325: Tax addresses are 325 Alexander and 329 Alexander (Parking lot). 51 Units: 36 Studio; 14 One BR and 1 Two BR. Renovated in 2012 approximate. 9 furnaces (installed at renovation approximate) Separate electric. Heat, Hot Water and Air Conditioning are Landlord responsibility. Coin-Op Laundry in basement. 25,728 Square feet....... For 345: Tax addresses are: 207 Charlotte Street; 201-203 Charlotte Street (Parking) and 191 Charlotte Street (Parking). 28 Units: 12 Studios; 15 One Brand 1 Two BR.
Renovated in 2012 Approximate. Separate electric. Heat, Hot Water and A/C are Landlord responsibility. 6 Furnaces. Coin-Op Laundry in basement 16,188 Square feet........$3,525,000 mortgage at 3.45% interest can be assumed. $70,000 elevator renovation completed in 2022...... Both buildings are in excellent condition and come with transferable COO.
County
Monroe
Property Sub Type
Other
Property Type
Commercial Sale
Subdivision
Champney Tr Square
Year Built
1920
Year Built Details
Existing
Appliances
Appliances Negotiable, Gas Water Heater
Basement
Partially Finished
Cooling
yes
Cooling Type
Central Air
Fireplace
no
Flooring
Other, See Remarks
Heating
yes
Heating Type
Gas, Forced Air
Living Area
29160
Stories
4
Stories Total
4
Construction Materials
Brick
Exterior Features
Blacktop Driveway
Garage
no
Lot Features
Residential Lot
Lot Size Area
0.1775
Lot Size Dimensions
46X166
Lot Size Square Feet
7733
Number Of Separate Electric Meters
79
Number Of Separate Gas Meters
79
Number Of Units Total
79
Parking Features
No Garage
Road Frontage Type
City Street
Roof
Flat
Sewer
Connected
Utilities
Sewer Connected, Water Connected
Water Source
Connected, Public
City
Rochester
City Region
East Avenue
Community Features
Other, See Remarks
Elementary School District
Rochester
High School District
Rochester
Middle Or Junior School District
Rochester
MLS Area Major
Rochester City-261400
Township
Not Applicable
Waterfront
no
Gross Income
750000
Net Operating Income
615000
Operating Expense Includes
Electric, Fuel, Insurance, Maintenance, Professional Management, Snow Removal, Trash, Utilities, Water/Sewer
Owner Pays
Other, See Remarks
Possession
Close Of Escrow
Rent Includes
Other, See Remarks
Special Listing Conditions
Standard
Tax Annual Amount
135000
Tax Assessed Value
1685000
Tax Lot
46
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Contact - Listing ID R1460203
James LoVallo
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