7 Cash Flow Properties in Rochester, NY (13 units)

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7 Cash Flow Properties in Rochester, NY (13 units)

Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes

I am looking to sell my  residential portfolio.  It consists of 7 houses (13 units- 1 single and 6 doubles)  all of which are in the City of Rochester, NY. The properties are located in and around the 19th Ward of Rochester and are well maintained. 

Gross Rent is $100,200. Listed at less than 3.75 times Gross rent. Assuming a 50% Expense Ratio, the asking price represents a CAP RATE of 13.5%. Out of respect for your time (and mine) I will say that ALL of these properties are cash flowing for me and I am not in a a FIRE SALE situation so I am not able to entertain low ball offers. I am just looking to simplify my life and that involves divesting here if it makes sense and focusing on my Self Storage Portfolio. That being said, I have enough equity in these properties to offer them at competitive prices (even to other investors). There are considerable profits to be had at this price point. Addresses are below.

155 Ellicott Street

378 Genesee Street

15-17 Post Avenue

26 Hertel Street

32-34 Magnolia Street

353-355 Champlain Street

18-20 Kenilworth

I am not in a position to carry paper as all of these properties are leveraged to some extent. Properties would be delivered fully occupied and management can stay in place if desired.  Reply with questions or with your email and I can send you financials. Can separate into individual properties or smaller packages but price listed does include a "full package discount".

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  • Rochester, NY · Member since 2016 · 3 posts · 2 votes
    10y
    Hello, please email me @ [email protected]! I'm ready to move on some of these properties. I'm interested in the price for each double. Thank you.
  • Investor · Rochester, NY · Member since 2016 · 63 posts · 12 votes
    10y

    Most of them are out of the area I am looking at. however 2 of them did catch my attention. Please e-mail me at [email protected] so we can discuss further.

  • Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes
    10y
    Originally posted by @Naftali Freedman:

    Most of them are out of the area I am looking at. however 2 of them did catch my attention. Please e-mail me at [email protected] so we can discuss further.

     Thanks for your interest.  I have emailed you the requested information.

  • Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes
    10y
    Originally posted by @Joshua Beaty:

    Hello, please email me @ [email protected]! I'm ready to move on some of these properties. I'm interested in the price for each double. Thank you.

     Good talking with you today Joshua, 

    I sent the requested information over you to. Let me know if what questions I can answer for you.

  • Investor · Palmyra, NY · Member since 2015 · 98 posts · 29 votes
    10y

    my daughter is looking for duplexes in the 19th ward. What are the prices and addresses. I'm only seeing one listed

  • Fremont, CA · Member since 2015 · 48 posts · 14 votes
    10y
    Michael Wagner send me the details on the properties at [email protected]
  • Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes
    10y
    Originally posted by @Claude Robinson III:

    Michael Wagner send me the details on the properties at [email protected]

     Hi Clause,

    I sent the info to the email you provided. Let me know if you don't get it.

    Mike

  • Real Estate Investor · Princeton, NJ · Member since 2016 · 28 posts · 1 vote
    10y
    Can you please email me the rent logs and proforma at [email protected] Thanks
  • Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes
    10y
    Originally posted by @Umesh Menon:

    Can you please email me the rent logs and proforma at [email protected]

    Thanks

     HI Umesh,

    I sent the financials to the address you provided. Let me know if you don't get it or if you have any questions that I can answer for you.

    Mike

  • Rochester, NY · Member since 2016 · 1 post · 0 votes
    9y

    Mike, I'm interested. Still available? My email is [email protected]. thx in advance

  • Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes
    9y
    Originally posted by @Jim MacDuff:

    Mike, I'm interested. Still available? My email is [email protected]. thx in advance

     HI Jim,

    I have emailed you the requested information. Let me know what questions you have and we can take it from there.  

    Mike

  • Investor · Pittsford, NY · Member since 2014 · 23 posts · 3 votes
    9y

    Mike, 

    Were you able to sell your portfolio?

    Best,

    MJ

  • Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes
    9y

    I have not.  Have someone interested in 3 of them but nothing concrete yet.  Also may be listing a few of them in the next couple weeks to increase exposure and hand off the "work" of selling.

  • Real Estate Professional · Milpitas, CA · Member since 2013 · 40 posts · 2 votes
    9y

    Hi Mike, 

    I'm interested. My email is [email protected]

    thanks in advance

    kasa

  • Rental Property Investor · North Fork, NY · Member since 2016 · 1k+ posts · 631 votes
    9y

    @Michael Wagner Can you please send me the rent logs and proforma at [email protected]. We're interested.

  • Specialist · Victor, NY · Member since 2013 · 823 posts · 844 votes
    9y
    Originally posted by @Srikanth Kasa:

    Hi Mike, 

    I'm interested. My email is [email protected]

    thanks in advance

    kasa

     I have sent you the requested information.  Please let me know what questions you have.

    Mike

  • Property Manager · Rochester, NY · Member since 2015 · 243 posts · 62 votes
    9y

    Hey Mike feel free to reach out. I maybe able to help you sell these or even buy a few myself. I work with cash buyers and am also an agent here. Thanks

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