Active
2600 Dewey Avenue, Rochester NY 14616
MLS# R1684871
$5,495,000
Price
-
Beds
-
Baths
45,000
Living Area (Sq.Ft.)
$5,495,000
Price
-
Beds
-
Baths
45,000
Living Area (Sq.Ft.)
Willow Gardens Apartment Complex at 2600 Dewey Avenue, Rochester, NY 14616 is a rare opportunity to acquire a 56-unit multifamily community offered at $5,495,000.... <br> <br>Comprised of five brick buildings totaling approximately 44,724 square feet, the property features a desirable mix of 40 one-bedroom and 16 two-bedroom apartments.... <br> <br>Extensively upgraded, Willow Gardens has seen significant recent capital improvements, including 11 brand-new boilers, 10 new water tanks, new windows, glass block, and new slider doors to exterior decks.... <br> <br>Approximately 45 units have been renovated with new kitchens, bathrooms, flooring, and more, while all common areas have also been upgraded. Roofs were replaced approximately 10 years ago with 30-year asphalt shingles.... <br> <br>Positioned north of Ridge Road between McCall and Stone, the asset benefits from a strong Rochester-area rental market... <br> <br>Current gross monthly rents are approximately $60,010, with projected annual rental income of $720,120 and a pro forma NOI of $540,000 before management/vacancy and repair assumption. Huge value add when rents are brought up to market.... <br> <br>More info available on request including rent roll and expense information. Seller requests proof of funds and a bank term sheet from a local commercial bank prior to all showings. 48 hours requested to arrange showings. Showings to be weekdays 10 to 3pm. <br> <br>2 tax numbers with the address of 2594-2609 Dewey Avenue and 2610-2638 Dewey Avenue. Can NOT be separated. No seller financing.
Status
Active
Property Type
MultiFamily
Property Sub Type
Other
Year Built
1970
Parcel Number
261400-075-410-0002-031-000-0000
Unit Number
--
Subdivision Name
Town Lt
Lot Features
Irregular Lot, Residential Lot
Lot Size Dimensions
1X1
Stories
4
Community Features
Other,SeeRemarks
Property Condition
Resale
Elementary School District
Rochester
Middle Or Junior School District
Rochester
High School District
Rochester
Location
Listing Agent
Mark J. Palazzo
Listing Office
Rich Realty
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-05-26
Owner Pays
Other, See Remarks
Rent Includes
Other, See Remarks
Gross Income
720000
Net Operating Income
632757
Fire Places Total
0
Flooring
Other, See Remarks
Heating
true
Heating Features
Gas, Hot Water
Appliances
Gas Water Heater, See Remarks
Garage
false
Garage Spaces
0
Exterior Features
Blacktop Driveway
Water Source
Connected, Public
Sewer
Connected
Roof
Asphalt
Utilities
Sewer Connected, Water Connected
Parking Features
One Space, No Garage
Basement
Full
Construction Materials
Brick, Frame, Other
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.