574 Chili Avenue 572 Rochester, NY 14611

Apartment MLS #: R1580967 Courtesy Of Updegraff Group realty

Property InformationDescription

Incredible mixed-use investment opportunity in the heart of Rochester s high-visibility Chili Ave corridor! This solid brick and concrete building features a spacious commercial storefront with excellent street frontage, ideal for retail, salon, café, convenience store, or office (projected rent: $1,750/month a conservative estimate for this prime location). Above the storefront are two oversized residential units: a 2 bed/1 bath projected at $1,250/month and a 1 bed/1 bath with an XL bedroom and huge kitchen projected at $950/month.

Both units offer large living rooms and include gated off-street parking a rare bonus with 10 total spaces on site. Full basement adds valuable storage or workspace potential for the commercial tenant.

Projected Gross Rent: $3,950/month or $47,400/year.

Fixed Expenses: Taxes $4,786 | Insurance ~$3,500 | Refuse $2,000 | Water $800.

Even when applying a conservative 20% variable expense reserve, this property produces a projected 12.2% Cap Rate at the new list price of $219,500. For owner-operators or lean landlords, trimming reserves reveals a stunning 16.5% Cap Rate potential.

This property checks all the boxes: income, flexibility, upside. Whether you're launching your business and living upstairs, or fully leasing it out, this is a turn-key property with long-term value. Zoned and ready for mixed-use success in a thriving urban corridor. Don t miss your shot at securing one of the best returns in the city!
MORTGAGE CALCULATOR

Features

  • Age: Over 50 Years Old
  • Architecture Style: Other
  • Exterior Type: Brick
  • Exterior Type: Concrete
  • Floor Covering: Concrete
  • Floor Covering: Hardwood
  • Floors: 2
  • Heating System: Forced Air
  • Heating System: Natural Gas
  • MLSID: R1580967
  • Parking Spaces: 10
  • Roof Type: Flat

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574 Chili Avenue 572, Rochester, NY 14611
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