Off-Market Condo at 1400 East Ave, Rochester, NY 14610
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1400 East Ave, Rochester, NY 14610

Unit - #UN309

$199,900

Description

Profitable Investment Opportunity: Off-Market Listing: Resideline estimates that this property can be rented on Airbnb for an average of $186 per day and long-term for an average of $2,075 per month, based on similar listings in the area. Estimated short-term cap rate of 3.2%. Estimated long-term cap rate of -0.8%. OPEN SATURDAY, MARCH 8 FROM 12 to 1:30. Location! Location! Location! In the heart of East Avenue, nestled among stately mansions and museums you will find the prestigious building called Sutton Park! A Doorman is ready to greet you as you enter the elegant lobby complete with highly polished marble flooring. Off to the side is a comfortable library for a quiet afternoon of reading or to host small gatherings. Take 1 of the 2 elevators to the third floor and enter the perfection that is unit #309. An entry foyer complete with a double coat closet conveniently awaits your arrival. Around the corner a bright and spacious living room dining room combination will welcome you home. A wall of windows and a sliding glass door allow abundant natural light to enter even on the gloomiest day! You will love the quality of the of the beautiful hardwood flooring that defines this space and the hall leading to the bedrooms. A remodeled kitchen with a titled backsplash and solid surface counter is a joy to cook it. Abundant cabinetry continues in the pantry area as well. Walking down the hall you will find 2 well-appointed bedrooms complete with custom shelving in the double closets, 2 fully remodeled baths ( 1 with a step in shower ), a double linen closet and another storage closet as well . The lighting has been updated throughout for a true cosmopolitan look and feel. This unit boasts a balcony surrounded by sliding glass enclosures to extend usage beyond the summer ! Underground parking, a personal storage unit and on site laundry complete the package! And I saved the best for last! The HOA includes everything! Heat, central air, utilities, water, trash, exterior maintenance, snow removal ! One fee does it all! Experience the life style that Sutton Park offers ....easy living in a beautiful location close to theaters, restaurants , expressways and so much more!

Property Information
Airbnb Avg Daily
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Occupancy Rate
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Monthly HOA
$898
Rental Policy
daily
Yearly Taxes
$2867
Bedrooms
2
Bathrooms
2
SQFT
1,131
Furnished
N/A
Year built
1968
Listing Status
Off Market
MLS
R1591613

Short-term Rental Potential
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$32,880

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$176

Price/SQFT

Long-term Rental Potential
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$24,900

Revenue
Expenses
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Profit
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Cap rate
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Cash on Cash
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$2,075/mo

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