7 Cash Flow Properties in Rochester, NY (13 units)

[Michael Wagner]

I am looking to sell my  residential portfolio.  It consists of 7 houses (13 units- 1 single and 6 doubles)  all of which are in the City of Rochester, NY. The properties are located in and around the 19th Ward of Rochester and are well maintained. 

Gross Rent is $100,200. Listed at less than 3.75 times Gross rent. Assuming a 50% Expense Ratio, the asking price represents a CAP RATE of 13.5%. Out of respect for your time (and mine) I will say that ALL of these properties are cash flowing for me and I am not in a a FIRE SALE situation so I am not able to entertain low ball offers. I am just looking to simplify my life and that involves divesting here if it makes sense and focusing on my Self Storage Portfolio. That being said, I have enough equity in these properties to offer them at competitive prices (even to other investors). There are considerable profits to be had at this price point. Addresses are below.

155 Ellicott Street

378 Genesee Street

15-17 Post Avenue

26 Hertel Street

32-34 Magnolia Street

353-355 Champlain Street

18-20 Kenilworth

I am not in a position to carry paper as all of these properties are leveraged to some extent. Properties would be delivered fully occupied and management can stay in place if desired.  Reply with questions or with your email and I can send you financials. Can separate into individual properties or smaller packages but price listed does include a "full package discount".