409 Raines Park, Rochester, NY 14613

New - 14 Hours Ago

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Property Description

Are you looking to become an owner-occupant, live rent free, have your mortgage paid and still cash flow OR are you a new investor looking to jump in and hit the ground running? Welcome to 409 Raines Park, a fully occupied cash-flowing investment opportunity! This well-maintained (5,600+ sqft) 4-unit apartment building features four identical spacious floor plans! Each unit offers an enclosed porch, 3 of the units have been recently updated with new flooring, kitchen cabinetry, renovated bathrooms, and fresh paint. The property is equipped with separate utilities for each unit, including four furnaces and four hot water tanks, helping reduce owner operating expenses while offering convenience for tenants. The full basement provides ample storage space and presents the opportunity to generate additional income with coin-operated laundry! The attic level has its own entrance and includes a bathroom which offers exciting potential to create additional living space subject to any required zoning/permit approvals, adding even more value to this income-producing property. Outside, you'll find a (low-maintenance) generously sized backyard that tenants can enjoy! The building's current rent roll produces 50K annually with the potential to increase through the recent updates! This property is also a excellent choice for seasoned investors looking to continue to build long-term wealth. C of O good through October 2027! Don't miss this opportunity to add this immediate cash-flowing asset to your portfolio! Group Showings Only! Sunday July 19th, 1pm-3pm, Tuesday July 21st, 5p-6p and Thursday July 23rd, 5p-7p. Agents Please Register! Delayed Negotiations Due July 24th at 12pm! Please allow 24-48 hours for response.

409 Raines Park | MLS# R1699157

This multi-family property located at 409 Raines Park, Rochester, NY 14613 is currently listed for sale with an asking price of $259,900. Raines Park is located within the Rochester school district. Search Rochester real estate on holly-wright.timberlandproperties.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Home Style: Fourplex
Lot Size: 0.13 Acres
Stories: 2.0
Taxes: $7,095
Year Built: 1915

Amenities

Enclosed Porch
Porch

Feature Descriptions

Appliances: Gas Water Heater
Exterior: Aluminum Siding
Flooring: Hardwood, Varies, Vinyl
Lot: Near Public Transit, Rectangular, Rectangular Lot
Lot Dimensions: 40X141
Parcel#: 261400-090-510-0003-004-000-0000
Parking: On Street
Parking Notes: On Street
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Rochester

Estimate Your Payment

Estimated Payment

$ 1,245.48 per month $578.42 Principal & Interest $591.25 Property Tax $75.80 Homeowner's Insurance

Change Payment Information

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yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Keller Williams Realty Greater Rochester
Agency Contact: 585-450-9394

Shown By

Agent Name: Holly M. Wright
Agent Phone: (607) 316-6895
Agency Title: Timberland Properties

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