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Priced at 39,990 dollars per unit, this multifamily apartment building at 1342 Dewey Ave in Rochester, New York, presents a clear value-add potential for residential investors. Situated within the city, the property benefits from the regional economic stability of the Rochester metropolitan area, which maintains a consistent demand for workforce housing. The location provides access to major transit corridors, connecting residents to the broader network of employment centers and academic institutions that define the local economy. Residential apartment buildings of this scale are well-suited for long-term rental income strategies. The configuration of the asset allows for efficient management practices within a densely populated urban setting. Investors looking for entry-level multifamily assets in Western New York may find this site fits standard portfolio growth objectives, providing functional space in a market that relies heavily on its diverse industrial and educational foundations.
Run the numbers on this deal. All calculations are estimates — verify with your lender and accountant.