Active
770 Monroe Avenue 768
Rochester NY, 14607
$559,000
$70.05 per sqft
Active
4 Beds
7,980 sqft
Other
Built in 1920
Investment Opportunity available!
A prime investment opportunity at 770 Monroe Ave in Rochester's desirable Park Avenue neighborhood. This mixed-use property comprises six units: two commercial storefronts and four two-bedroom apartments.
The property has undergone significant renovations, including the addition of breakfast bars and closets, as well as updates to the electrical and plumbing systems. All units are currently rented, providing a stable income stream. Notably, one of the commercial spaces houses a barbershop that has been a tenant for 35 years.
Additional features include separate utilities for each unit, all new boilers as of 2019, and some new windows. A new Certificate of Occupancy is valid until 2028. The property generates an annual rent roll exceeding $67,000.
Prospective buyers are asked to provide a commercial bank term sheet and proof of funds before scheduling showings. Showings are available Monday through Friday, between 10 a.m. and 3 p.m., with a 48-hour notice for tenants.
P and L available on request.
R1584786
MLSⓇ ID
January 16, 2025
Listed
January 16, 2025
Updated
Map
770 Monroe Avenue 768
Rochester NY, 14607
Interior Features
Total Stories
2
Bedrooms
4
Appliances
Gas Water Heater, See Remarks
Floor Description
Other, See Remarks
Fireplace
No
Cooling
Yes
Cooling Description
Other, See Remarks
Heating
Yes
Heating Description
Gas, Other, See Remarks
Exterior/Building Features
Lot Size
0.12 Acres
Lot Features
Irregular Lot, Near Public Transit
Roof
Flat
Sewer
Connected
School Information
School District
Rochester
Other Property Details
Area Name
Rochester City-261400
Taxes
$8,990
Tax Frequency
Annually
Garage
No
Parking
None, No Driveway
View
No
County
Monroe
Municipality
Not Applicable
Water Source
Connected, Public
Pool
No
Courtesy of Rich Realty, Mark J. Palazzo
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Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s), James "Bobby" Blaine, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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Data last updated 9:09 PM UTC, 1/16/2025