340 North St Rochester NY

 Was Previously Leased for $3,010 per month

6 Total Units

 

ANNUAL RENT WAS PREVIOUSLY $36,120. When all 6 units were leased.  

340 North St Rochester NY

WINNING BIDDER WILL GET THIS PROPERTY FREE AND CLEAR!

Auction Starts at only $1 WITH NO RESERVE! Also there is a BUY IT NOW of $139,000

4 Seperate apartments Plus a downstairs that was leased to a church for many years & Officel!!

Rare comercial building in downtown Rochester! The best part is we are including a paved parking lot right behind this unit with a seperate deed. It is asphalt and fenced. 6-8 Weld St Rochester NY is the address for the parking lot also included ( prior to our purchase there was an offer of 30k for the lot from a local chain)

We are also including the parking lot we own Right next door 6-8 WELD ST!

There was an offer made to the previous owner to buy just the parking lot for $30,000 ( this is downtown Rochester and parking is a premium )but the parking lot should go with the building since there are 4 apartments 1 seperate office space and 1 restraunt/church ( the restraunt was leased by the church and that is their equipment in the photos).

2 apartments are 2 bedroom 1 bath. 2 apartments are 1 bedroom 1 bath

VERY RARE 6 UNIT BUIDING PREVIOSLY LEASED FOR $36,120 PER YEAR. We spoke to the prior owner and these were his lease amounts. The church was the last 1 forced out of the building so it is now vacant. But easliy rented due to location and parking

Apartment 1 $475

Apartment 2 $425

Apartment 3 $425

Apartment 4 $400

Church $800

OFFICE $485

6-8 Weld St is our 30 Car fenced in Asphalt Parking Lot.

The church was renting the 1st floor for about 7 years so their rent was always a low $800 per month since they mainly just use it for Sunday service.

The building right next door was listed at $169,000 and sold for $159,000 and is a perfect comparable sale for this property. Ours may be a little more desireable since we have a corner lot and a parking lot attached next door (6-8 Weld st) but I also dont know how updated the condition inside their building is. As you can see this one is a bit dated.

Views of the downtown skyline from this building.

THIS PROPERTY IS FREE AND CLEAR OF ANY LIENS OR BACK TAXES! THE CLOSING WILL BE HANDLED BY A LOCAL ATTORNEY! ALL ATTORNEY FEES, TITLE INSURANCE AND CLOSING COSTS ARE INCLUDED IN THE $1,995 CLOSING COSTS

Rochester is booming! Prices are on the rise fast now is your chance to get a multi family home at a rock bottom price.

VERY SOLID BRICK BUILDING!! CASH COW!!!

At A bid price of $135,000 you would get a 25% annual return on your investment and a rock bottom price!

THIS IS A CASH SALE ONLY DUE TO OUR VERY LOW PRICE AND "NO RESERVE" THIS IS A CASH SALE ONLY!

Many huge companies in the Rochester NY! It is Booming!!!

Please feel free to Email anytime by clicking the link above that says "ask seller a question" NO PHONE NUMBERS ARE PERMITTED TO BE PLACED ON THE LISTINGS ONCE A HOUSE IS ON AUCTION!

 

 

 

 

 

 

   
       
   
   

We often purchase Properties in Rochester, NY / metropolitan area

Due to our expertise in the local market, we are able to find Superior properties for below market value and pass our savings to the individual investor!

This is perfect for the first time investor. Start off small and build your nest egg.

We have long standing contacts for all aspects of investment property ownership!

Get in before it is too late. Rochester is on the verge of exploding property values. Rochester is being called the new Silicon Valley of Western New York. These low prices are already starting to steadily increase.

Your options are unlimited! You could either hold this property for a few years then re-sell this property for a profit or you could remodel it and collect the cash flow each month for many years to come then once you have paid yourself back for the purchase you could re-sell and it would all be profit wheather it appreciates 10% or 50%. The rents will pay for this property many times over if you deciede to hold.

We are in the business of reselling properties our profits are made on the sale rather than the rent. If we were looking to achieve cash flow only we would not be selling this property! This is a very rare UNIQUE property that will not require much work to get it rented!

 
   
   
01  ITT Space Systems Division (headquartered in Rochester, NY)
02 Delphi Research and Development Department
03 General Motors Hydrogen Powered Reseearch and Development
   
         
    Other well known Rochester, NY companies include Samuel Adams (Boston Beer Company, Kraft, Johnson and Johnson, Coca-Cola, Thomson West, and Harris Beach.    
    Demographics of Rochester  
   
White 48.30%
African-American 38.55%
Native-American 0.47%
Asian 0.05%
Other 10.43%
  
    Currently Rochester is experiencing a loss of manufacturing and heavy industries and a sudden boom of highly advanced, technological industries as its ecomomy diversifies.    
         
    WHY INVEST IN ROCHESTER?    
   
The Rochester area is home to a number of international businesses, including Fortune 1000 companies Eastman Kodak, Constellation Brands, and Paychex. Other International companies with local headquarters are Bausch & Lomb, Sutherland Global Services, Rochester Midland Corporation, and Gleason Corporation. Xerox, while no longer headquartered in Rochester, has its principal offices and manufacturing facilities in the Rochester area. Because of the high prevalence of imaging and optical science among the industry and the universities, Rochester is known as the world capital of imaging. The Institute of Optics of the University of Rochester is ranked number one in the country, and the Rochester Institute of Technology has one of the best imaging science departments in the country. In 2005, the University of Rochester became the largest employer in the Rochester area, surpassing Kodak.
   
         
     
Education is a primary industry in Rochester. The city and its suburbs are home to a nmber of colleges and universities, including the University of Rochester, the Colgate Rochester Crozer Divinity School, St. Bernard's School of Theology and Ministry, Rochester Institute of Technology, Saint John Fisher College, Roberts Wesleyan College, Nazereth College, Monroe Community College, and the Eastman School of Music. Together with Alfred University, SUNY Brockport, and SUNY Geneseo, each within an hour of Rochester, these institutions comprise the Rochester Area Colleges consortium.
   
         
         
    340 North St. Rochester, NY 14605    
           
       
       
       
       
       
       
       
       
   

   
       
       
       
       
 
         

Please feel free to click the link above that says "ask seller a question" PHONE NUMBERS ARE NOT PERMITTED TO BE ON LIVE AUCTIONS!

Winning bidder must contact the seller within 24 Hours after the close of the auction with proper vesting information. Funds to be transferred within 3 working days or sooner via wire transfer, money order, cash or bank check only. You will also need to include $1,995 to cover the Closing costs, Attorney fees, Title insurance. Once the funds are received the transfer will be recorded in the Monroe County Clerks office. This Property Sold "as is", no warranties expressed or implied. All information is deemed reliable but not guaranteed. CASH SALE ONLY!