Rochester, a city in upstate New York, is not only known for its vibrant culture and rich history but also for its thriving real estate market. If you’re an investor on the lookout for a lucrative opportunity, we have just the property for you – a charming four-bedroom bungalow in Rochester that is currently up for sale.
This investment property is not your average home; it comes with several attractive features that make it a smart choice for any investor. Firstly, it boasts a Certificate of Occupancy (c of o) that expires on October 1, 2024. This means that the property has met all the necessary safety and building code requirements, ensuring a hassle-free ownership experience for the buyer.
Additionally, the property comes with a long-term tenant who is currently on a month-to-month lease. This provides a steady income stream, as the tenant pays $954 per month. With a Gross Annual Income (GAI) of $11,448, this investment property offers a solid return on investment.
One of the key advantages of this property is the professional management in place. This turnkey solution means that you can sit back and relax while the property is managed efficiently by experienced professionals. This is especially beneficial for out-of-town investors or those who prefer a hands-off approach.
Furthermore, this bungalow can be purchased as part of a larger package. The seller has multiple properties for sale, and a package list is attached to the listing. This presents an excellent opportunity to expand your real estate portfolio and diversify your investments.
Before making any investment, it’s crucial to ensure that all legal requirements are met. In this case, the attached c of o provides the necessary documentation to verify the property’s compliance with local regulations. This level of transparency instills confidence in potential buyers and makes the purchasing process smoother.
Rochester has been experiencing significant growth in recent years, with a thriving job market and a growing population. This makes it an ideal location for real estate investment, as demand for rental properties remains high. With its attractive features and strong rental income, this investment property is an excellent opportunity to tap into the city’s lucrative market.
In conclusion, the Rochester Investment Property for Sale offers a golden opportunity for investors looking to add a valuable asset to their portfolios. With its four bedrooms, one full bathroom, c of o, long-term tenant, and professional management in place, this property is truly turnkey. Don’t miss out on this chance to invest in a rockin’ Rochester property – whether purchased individually or as part of a package, it promises solid returns and a hassle-free ownership experience.