LARGE 4 UNIT MIXED USE BLDG WITH
OWNER FINANCING & HIGH CA$H FLOW!!
3 APTS. Fully Occupied!!!
Turn Key Restaurant Ready For New Tenant!!!

 $38,367 Positive Annual Cash Flow

SALE PRICE ONLY $99,997
Seller Financing w/ONLY $45K-$55K Down!


Buyers Now Being Accepted!

SERIOUS INQUIRIES ONLY!

*ONLY $497 To take Property Off The Market!

Take This Cheap Wholesale Property off The Market Now
ONLY $497 To take Property Off The Market
Simply Click The "TAKE OF MARKET" Button Above

 
Click images for Larger View
4 UNIT BLDG WITH OWNER FINANCING & HIGH CASH FLOW!!
245-249 Saratoga Ave -  Brick & Aluminum Maint. Free Exterior, Nice Commercial / Residential Neighborhood, High Traffic Corner!
Click images for Larger View
4 UNIT BLDG WITH OWNER FINANCING & HIGH CASH FLOW!!
LARGE 4 UNIT MIXED USE BLDG WITH OWNER FINANCING & HIGH CASH FLOW!!
245-249 Saratoga -LARGE 4 UNIT MIXED USE BLDG WITH OWNER FINANCING & HIGH CASH FLOW!! 3 APTS. Fully Occupied!!! Turn Key Restaurant Ready For New Tenant!!! 245-249 Saratoga Ave. - Corner  of Bldg and Back of the Bldg.
LARGE 4 UNIT BLDG WITH OWNER FINANCING & HIGH CASH FLOW!! 245-249 Saratoga - Corner  of Bldg and Back of the Bldg.
   


Take This Cheap Wholesale Property off The Market Now

 

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    GROI: 43.75%

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4 UNIT BLDG WITH OWNER FINANCING & HIGH CASH FLOW!!

Rochester, NY, 14608

All SERIOUS Offers Will Be Considered!
Click To Make An Offer!

Excellent High Demand Investment Area

Good Rental Neighborhood !


This property has 3 Apartments & 1 Restaurant Store front with equipment in place. The address is 245-249 Saratoga St. There is a Current CofO with no outstanding Violations. All three Apartments are Fully occupied & TENANTS ARE ALL CURRENT ON THEIR RENT. The details are as follows:


Apt #1 - 4 Bdrm
  • - Tenant has been there for 10 years.
  • - Rent $900 plus tenant pays own utilities. (Rent should be $1100)
  • - 4 Bed Rooms
  • - 1 Bath
  • - Living Room
  • - Dining Room
  • - Kitchen

Apt #2 - 3 Bdrm
  • - Christian Woman's Shared Home (Smoke Free, Alcohol Free & Drug Free Environment)
  • - 3 Women Occupy the Apartment
  • - Rent $1,320 all paid by Government. Rent Sent directly to landlord.
  • - 3 Bed Rooms
  • - 1 bath,
  • - Living Room
  • - Eat-in Kitchen
  • - Fully Furnished, beds, Living room & Kitchen. Landlord pays utilities.



Apt #3 - 2 Bdrm
  • - Tenant has been there for 6 years.
  • - Rent $525 plus tenant pays own utilities. (Rent should be $550-$725)
  • - 2 Bed Rooms
  • - 1 bath,
  • - Living Room
  • - Eat-in Kitchen

The other good things are:
  • - Exterior is Maintenance free Brick & Aluminum siding;
  • -Roof is in great condition
  • -2,880 Sq Ft

Restaurant is Turn Key!

There was a tenant who rented for 2 years paying $1,100 per month. They closed 6 months ago because they were running multiple businesses at once and couldn't manage the restaurant effectively while doing so.  Prior to that the Original owner of this building Previously owned and operated the Restaurant For 75 years. They became a staple in the community and unfortunately closed in Early 2013 due to death.  They left all Equipment.


Other Restaurant Details:
  • - Expected Rent $1,000-1,500/mth "Triple Net" (tenant will pay, utilities, maintenance & taxes). Plus $300-$500/mth for Equipment use.
  • - Parking Lot in Rear;
  • - There are 2 baths;
  • - Large Prep Kitchen;
  • - (1) Large 10 Burner Commercial Stove;
  • - 2 Deep Fryers
  • - Working Grill;
  • - Newer Meat Smoker;
  • - Large Walk-in Commercial Fridge & Freezers;
  • - Commercial Exterior Walk-in Storage Fridge;
  • - Commercial Ice Cream Maker;
  • - (3) Ice Cream Freezers;
  • - New Efficiency Furnace;
  • - New Air Conditioner;
  • - Working Antique Juke Box;
  • - Atm;
  • - Cash Register;
  • - Dinning Booths;
  • - Dishes, Flat Ware, Cooking Utensils Etc.;
  • - & More...



The restaurant has remained vacant because one of the current owners was considering opening it with his daughter following her college graduation.  However, she's decided to pursue graduate school in another city.  So the utilities are still on and the current owner still owns the retail phone # used by the previous operator.

The Restaurant is Perfectly Positioned on a high traffic Street and Corner Directly across from school providing very high demand for restaurant space and retail customers.

*WE ARE CURRENTLY IN NEGOTIATIONS WITH PROSPECTIVE RESTAURANT TENANTS

 

*******************************

This Property Is A Steal

I Am currently selling this property for
$124,997 with owner financing
-or-

$99,997 All Cash ($25k DISCOUNT!!!)

** When Paying All Cash: Your Positive Cash Flow would be $38,867 & your Net Return on Investment would be 38.4%.

** When Using Seller Financing: Your Positive Cash Flow would be $27.953.05.  Your Cash on Cash Return on Investment would be 50.8%  & your Net Return on Investment would be 22.4%.   (Based on a 55k Down Payment)

Both are Amazing!

The terms of the owner financing are as follows:

*Down Payment: $55K
*Monthly Payment P&I: $867.86
*Amort: 10 yrs.
*Term: 5 yrs with possible 1 yr. Extensions.
*Interest Rate: 8.5%.

  We are taking applications for the purchase of the property. We will be selecting the applicant who can afford the property & who has the ability to take care of the property. Although the financing approval will not be credit based, we may require an updated credit report.

 

We will consider all offers and anyone who has all cash goes to the top of the list. 

Anyone who has all cash and can close quickly (7-14 days) Will Receive Additional Consideration With Pricing.

 

I have also attached some pictures of how the properties look.

We need to give tenants 24 hrs notice prior to showing. Welcome to drive by first but Please do not disturb the tenants.

Please let me know what questions you have feel free to give me a call.
This is a great investment for High Cash Flow rental or Flip.

*WE MAY CONSIDER SELLING BUILDINGS SEPARATELY WITH THE RIGHT OFFER.

 

We Will Work With You To Close Quickly So You Can Begin Enjoying Your Profit & ROI Immediately!

**The neighborhood is Rated a 6.5 (on a scale of 1-10, with 1 being worst and 10 Being Best). 6, 7 & 8 neighborhoods are all neat, will provide you easy rent-ability, top market rent and great atmospheres for your tenants.

*******

*ONLY $497 To take Property Off The Market! buy-now_2_blue2_s

ONLY $497 To take Property Off The Market Simply Click The BUY NOW Button Above

ALL PICTURES SHOWN ABOVE WERE RECENTLY TAKEN 2017

*** WE GUARANTY THIS PROPERTY IS STRUCTURALLY SOUND***

guarantee-certificate
*ONLY $497 To take Property Off The Market! buy-now_2_blue2_s
 

LOCATION, LOCATION, LOCATION

This Building is also a 5 minute drive to downtown Rochester which features Sahlen’s Soccer Stadium home of the Professional Sports Clubs:

and...

Frontier Field - http://frontierfield.org/

Home of the Minor League Baseball team “Rochester Redwings”. These two stadiums attract 100’s of thousands of fans & 10’s of Millions of Dollars in revenue on an annual basis. Rochester is planning to upgrade a number of the surrounding neighborhoods due to the high levels of revenue that the venues and the teams bring in for the city and county yearly.

.

This is expected to raise values and market rent for the area.

We will accept purchase offers to include cash, and owner finance scenarios. All owner finance buyers must be willing to put down a minimum of $9,997 Good Faith Deposit With Application.

This Property Is A Great Investment In an Up & Coming Prime Neighborhood!

&

WE WILL PROVIDE YOU OWNER FINANCING

WITH A NON-CREDIT BASED APPROVAL!!

  **The neighborhood is Rated a 7 (on a scale of 1-10, with 1 being worst and 10 Being Best).6, 7 & 8 neighborhoods are all neat, will provide you easy rent-ability, top market rent and great atmospheres for your tenants.
 


You Choose Your Wholesale Property Assignment Fee Now

.
How You Can Take Your Wholesale Property off the Market Now

*ONLY $497 To take Property Off The Market!
Simply Click The "TAKE OF MARKET" Button below
Take This Cheap Wholesale Property off The Market Now

>


**Inspections – All of our properties are "As-Is" and come with an buyers inspection period.

**All properties are sold for cash and/or Private Funding. Buyer to verify all information. Prices are NET to seller with buyer paying all closing costs.
Market Value - Opinions of value & rents are given as a courtesy and no guarantees are expressed or implied. However we will provide, upon request, the market value research we used to determine value, to include but not limited to recent appraisals if they exist, the like properties which have sold in the area, county assessment, etc.
Our properties move fast and so should you!!

** Buyer is to do their own independent due diligence. All properties Subject to errors, omissions, deletions, additions, cancellation. All properties sold as is Where it Is , with absolutely no representations written or oral.

** Property will not be considered under contract until signed contract and Good Faith Deposit is received with all contingencies removed.
Please Do Your Own Due Diligence.
This information is provided to the best of our knowledge and we make no guarantees to the accuracy of this data
You Choose Your Wholesale Property Assignment Fee Now
Take This Cheap Wholesale Property off The Market Now

Rochester, NY, 14608

All SERIOUS Offers Will Be Considered!
Click To Make An Offer!

Property Features
Number of Units:4 Area Rating:6
Number of Bedrooms:9 Property Rating:7
Year Built: Setting:urban
Lot Size: Listing Type:Residential / Commercial
Financial Information
 
IncomeExpenses
Monthly Rent:$3,645 Taxes:$487 Property Management:$
Annual Rent:$43,740 Water:$37 Approximate Insurance:$92
Garbage:$31 Other:$
 
 
TOTAL INCOME:$43,740 TOTAL EXPENSES:$647
 
ANNUAL POSITIVE CASH FLOW:
$43,093
 
Gross ROI:
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43.75%
/Net ROI:
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43.1%
 
Cash On Cash Return:
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INF%
/Net CoC:
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LISTING PRICE: $99,997 - - - - - DOWN PAYMENT: $