178 Genesee Street 174 Rochester NY 14611 MLS #R1570854

Prime Development Opportunity: 13-Unit Commercial Building in Rochester’s 19th Ward

Discover a unique investment opportunity in Rochester’s thriving 19th Ward. This 13-unit commercial building, ideally situated in a rapidly evolving development zone, offers a blend of residential and commercial income potential. The property features 6 one-bedroom units, 4 two-bedroom units, and 3 commercial storefronts, each with its own separate utilities for efficient management. While the building requires some updates to maximize profitability, its strategic location and diverse unit mix present a compelling opportunity for investors seeking a solid return. A long-term tenant occupies the corner convenience store, providing a stable income stream. With nearby senior living development adding to the area’s appeal, this property offers immense potential for future growth and value appreciation. There will be 2 group showings on the property in the coming week. Next group showing will be October 29th @ 1pm. Please text me if you plan on coming to property. When fully rehabbed and rented, property should have a 12-18% CAP rate. AVR on property should be in the $750k-$850k