- Address: 91 Wellington Ave W, Rochester, NY 14611
- Price: $397,000
- Units: 6 Total (3 Studios, 2 One-Bedrooms, 1 Two-Bedroom)
- Bathrooms: 8
- Living Space: 4,672 sqft
- Year Built: 1925
- Key Features: High 14.6% cap rate, $69,600 annual gross rent, tenants pay most utilities, and classic 1920s architecture.If you love the sturdy feel of a 1920s building, this property on Wellington Avenue is a fantastic find. Built in 1925, it has that classic look and heavy-duty construction that makes old Rochester buildings so reliable. It is a big, impressive structure with over 4,600 square feet of space, and it has been kept in great shape to keep the rent coming in steadily. It is rare to find a historic building that is already “stabilized,” which just means all the hard work of finding good tenants and setting things up is already done. You get to own a piece of the city’s history while also making a very smart move for your future.
Inside, the building is divided into six different apartments. There are three cozy studios, two comfortable one-bedroom units, and one large two-bedroom unit. This variety is great because it attracts all kinds of different tenants. With eight bathrooms across the building, the layouts are very practical and comfortable for everyone living there. The best part about the way this house is set up is that the tenants pay for their own heat and electricity. As an owner, you only have to worry about the water bill. This makes running the building much simpler and keeps your monthly costs low and predictable.
At $397,000, this building is a real money-maker. It brings in nearly $70,000 a year in rent, which is incredible for this price point. It’s the kind of property that lets you sleep easy at night because it is already performing so well in a popular rental market. Whether you are looking to start your journey in owning old houses or you want to add a strong, reliable building to your collection, 91 Wellington is a winner. It offers the charm of the past with the financial security of the present.
Photos:
Listing by:
Berkshire Hathaway HS Zambito 585-448-0115,
Maria Reed 585-957-2661
