Property Description

ATTENTION INVESTORS! Welcome to 157 Arnett Blvd, a turnkey 4-unit investment opportunity in Rochester's 19th Ward with a recent CofO good through 2028! Fully occupied with a strong rental history, this property currently generates $40,500 in annual gross rents with significant room for future rent growth. Affordable housing estimates indicate potential market rents of approximately $61,824 annually. Buy it alone or consider purchasing the fully rented single-family home next door at 163 Arnett Blvd for an exciting 5-unit investment opportunity with shared driveway & 2-car garage. This true 4-unit features four spacious 1-bedroom apartments. First-floor Apts 1 & 2 mirror one another with large living rooms, an additional bedroom/office, eat-in kitchens, full baths, pantry/linen storage & HUGE rear bedrooms with generous closets and access to a shared covered porch. Second-floor Apts 3 & 4 offer bright living rooms, eat-in kitchens, full baths & oversized bedrooms with ample closet space.All units feature classic Rochester oak hardwoods. Three of the four apartments have been renovated in recent years, including two with newer kitchens. The full walk-up attic was historically used as an additional unit and offers future potential-buyer to verify permitted use with the City of Rochester. Each apartment has its own gas furnace & metered electric; hot water is shared. Property features 5 gas & 5 electric meters. Updates include Apt #3 renovation (2020), Apt #2 (2021), Apt #4 (2022), partial roof tear-off (2022), new main water service, new gas furnace Apt #3 & new front steps to the property. Minutes from U of R, Strong Memorial Hospital & the airport. Whether you're growing your portfolio or making your first investment, this fully occupied 4-unit offers immediate income with exciting future potential. Schedule your showing today! Delayed negotiations October 12th @ 2pm.

Property Features

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