Lenox Point Apartments 354-358 354-358 Genesee St Immeuble residentiel 8 lots 401 626 € (50 203 €/Lot) Taux de capitalisation 9 % Rochester, NY 14611

Located at 354–358 Genesee Street in Rochester, NY, this well-maintained 8-unit multifamily property presents a strong opportunity for investors seeking stable income with minimal upkeep. The building consists of eight one-bedroom, one-bathroom units separately metered for gas and electricity—tenants are responsible for their utilities. Heating throughout the property is provided via individual forced-air gas systems, contributing to energy efficiency and ease of management.
Constructed with low-maintenance brick and featuring updated windows, this property minimizes capital expenses and routine exterior maintenance. The absence of green space further simplifies upkeep, making this an ideal asset for hands-off investors. The building is currently 88% occupied, with one vacant and rent-ready unit offering immediate income potential.
Encompassing approximately 7,782 square feet of building space on a 3,484-square-foot lot, this 1920-built structure is a durable and dependable investment in the Genesee–Jefferson neighborhood. The property is located near transit routes and local amenities and offers strong tenant appeal. Street parking is available, and the building benefits from a consistent rental history.