MULTI_FAMILY - Other - Rochester, NY
Introducing an exceptional investment opportunity in the heart of Rochester's growing Maplewood/Summit Grove district: 586-588 Ridgeway Ave, a fully-rented duplex built in 1922 featuring two well-appointed 3-bedroom, 1-bath units. Boasting approximately 2,458 sq ft of living space, each unit includes its own dining room, living room, private attic and basement access - plus a detached 2-car garage on Aster Street offering tenant convenience and added value. Recent sale data supports the strong income potential and market appeal of this side-by-side offering. Gross annual rents of $34500, NOI of $28,527 gives an excellent Cap Rate of 15.85% and Cash-on-Cash Return of 63.39% (assuming 25% Down Payment). Professionally managed, and this arrangement could continue.
Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker ...
Copyright © 2025 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
From elevation to risk assessment
Search for detailed parcel information including; Elevation & Vegetation Maps, Ownership Information, Detailed Parcel Information, Crop History Map, Soil Survey Productivity Data, and more.
Research Parcel Information