777 Meigs St | Image 1
New
Open House
777 Meigs St | Image 2
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$199,000

For Sale

A day ago

777 Meigs St, Rochester, NY

House

MLS® R1709919

3 Bed

2 Bath

1686 sqft

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Open House
Sun Aug 30, 2:00-3:30 PM EDT
  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential
Size 1686 sqft
Garage 
Taxes $3,950
Days Active 1
Lot Size 0.08 Acres
Approx. Age 1900
Avg. Price Per Sqft $118
MLS® Number R1709919

Property Address: 777 Meigs St, Rochester, NY, 14620-2137

Average square foot calculated using Size range provided by listing agent.

Description

RARE OPPORTUNITY TO OWN PROVEN NOI/ROI WINNER IN THE HIGHLY RENTER-DENSE SOUTH WEDGE! WITH A *0% VACANCY RATE* FOR BOTH UNITS IN THE LAST 5 YEARS, AN 8.1% CAP RATE AND AMAZING 10% DEBT YIELD (ASSUMING 80/20 LTV), IT’S A NO-BRAINER FOR FIRST TIME INVESTORS AND THE EXPERTS!!!!! OPPORTUNITY FOR OWNER-OCCUPANT AS WELL! 2 BEDROOMS AND 1 BATH DOWNSTAIRS AND 1 BEDROOM, 1 BATH UPSTAIRS, OFF STREET PARKING, AND PRIVATE ENTRANCES FOR EACH APARTMENT! THIS PROPERTY IS A MONTH-TO-MONTH AND 12-MONTH LEASE WORK HORSE WITH TONS OF INFRASTRUCTURE UPGRADES COMPLETED! ORIGINAL HARDWOODS, FULL KITCHENS, BATHS, WASHERS AND DRYERS IN EACH, AND BASEMENT STORAGE. BOTH UPPER AND LOWER UNITS ARE RENTED: LOWER MONTH TO MONTH WITH 2 YEAR TENANCY, UPPER LEASE JUST RENEWED WITH INCREASE! ADDITIONAL CAPITAL IMPROVEMENTS INCLUDE: NEW ROOF 2014, NEW WINDOWS 2012, AIR CONDITIONING 2019, GUTTERS 2019!!! SEE ATTACHMENT FOR NOI AND EXPENSE BREAKDOWN. THIS PROPERTY IS LOCATED IN A CHARMING NEIGHBORHOOD WITHIN THE HISTORIC SOUTH WEDGE AREA, A VIBRANT CITY COMMUNITY WHERE YOU &/OR YOUR TENANTS ARE WITHIN WALKING DISTANCE TO ARTISAN FOOD/BAKE SHOPS, ECLECTIC RESTAURANTS, CAFES, AND BARS, THE GENESEE (RIVER) GATEWAY PARK, HIGHLAND PARK AND ITS ANNUAL LILAC FESTIVAL. PLENTIFUL DEMAND FROM RENTERS WORKING OR LEARNING AT THE UNIV. OF ROCHESTER, RIT, URMC, HIGHLAND HOSPITAL, THE CITY, AND BEYOND.
MLS® NumberR1709919
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1900
BasementFull
DrivewayCommon, Paved, Parking Available
Garage Spaces
HeatGas, Electric, Forced Air, Hot Water
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 28, 2026List Date
$199,000List Price
  • Commute

Commute

Starting Address
Destination Address
777 Meigs St, Rochester, NY

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