This multi-family property in Rochester's Southeast neighborhood has significant rental potential. With an estimated rent range of $2,400 to $3,500 per month, the annual revenue could reach $28.8K to $42K. Considering the current list price of $344,777, the payback period could range from 8 to 12 years. The area shows stable market conditions, with housing demand supporting consistent rent appreciation. The property's features, like hardwood floors, basement, and two garages, enhance its attractiveness. Nonetheless, its age might require maintenance.
To enhance the property’s rental value, consider updating the kitchens and bathrooms, as modern amenities often attract higher-paying tenants. Additionally, energy-efficient upgrades can appeal to eco-conscious renters. If the owner plans to sell, capitalizing on the neighborhood's stable market conditions and highlighting the property's rental income potential can attract investors. Highlight improvements, such as reduced vacancies or recent maintenance, to boost appeal.