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481 Meigs St, Rochester, NY, 14607

3beds
3baths
2,192sqft
$249,900
$114price/sqft
$2,261/moest. monthly cost
$90,440/yrincome needed

About This Home

Welcome to 481 Meigs Street (14607)! This classic three-family home offers excellent potential for long-term investment income. Located in the heart of Rochester’s highly desirable Pearl–Meigs–Monroe neighborhood, you’ll enjoy close proximity to local dining, shopping, and entertainment. The upper is a 1 bed, 1 bath unit is currently rented for $1,050/mo. The lower unit, also rented for $1,050 per month, is a 2 bed, 1 bath unit. The Studio is a short term rental and rented through Air BNB. Bookings are through June, but not beyond. This Studio comes fully furnished making it completely turnkey averaging 1260/mo. Additional features include a basement with coin-operated laundry for added income, newer roof, 3 newer furnaces, freshly painted exterior, gleaming hardwood floors throughout all units, 100 Amp services for each apartment, and designated off-street parking with 3.5 bay garage. The property also comes with a transferrable C of O. All appliances will convey with the sale. Don’t miss your chance to add this solid, income-producing property to your portfolio! Negotiations begin Wednesday, May 13th at 4:00 PM.

Getting Around

92
WalkingWalker's Paradise
44
TransitSome Transit
74
BikeVery Bikeable

Schools

2/10
School 35 PinnacleGrades K-60.6 mi
4/10
School Of The ArtsGrades 7-121.0 mi
1/10
James Monroe High SchoolGrades 9-120.2 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1900

Materials

  • Construction materials: Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Full

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Hardwood,Tile,Varies

Heating

  • Heating features: Gas,Forced Air

Interior Area

  • Total structure area: 2,192
  • Total interior livable area: 2,192 sqft

Property

Details

  • Parcel number: 26140012157000030390000000
  • Special condition: Standard

Lot

  • Lot size: 5,601 sqft
  • Features: Near Public Transit,Rectangular,Rectangular Lot,Residential Lot
  • Lot size dimensions: 40 x 140

Parking

  • Total spaces: 3
  • Parking features: Garage,Other,See Remarks,Two or More Spaces
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3