Financials & Rent Roll available upon request. Location Description: PROPERTY OVERVIEW The Devonshire Court Apartments have undergone significant physical improvements and a 19.5% increase in rental income since 2012. 30 units located in the 19th Ward, a prime location for investment and development. LOCATION OVERVIEW Quiet living on a side street, in a well kept neighborhood, the evidence shows why tenants prefer to live in the desirable 19th Ward area. The airport, Walmart, Applebee's, Panera Bread, and many other amenities are located just down the road. Tenants can pick up groceries at Wegmans, or with a short drive attend the University of Rochester, RIT, Roberts Wesleyan, Bryant and Stratton College, plenty of shopping and many attractions. TENANT MIX There is a diverse tenant mix containing college students, young professionals, and retired individuals. Highlights: ■ $208,574 Gross Income, $142,960 NOI after completion of utility separation. ■ $198,545 Gross Income, $120,354 current NOI. ■ 30 Units: 6 2-bedrooms and 24 1-bedrooms. ■ 19.5% increase in rental income since rehabilitation started 2012. ■ The projections for increased demand in student housing, and increased desirability in the 19th Ward, hold enormous potential for future growth. « show less
Financials & Rent Roll available upon request. Location Description: PROPERTY OVERVIEW The Devonshire Court Apartments have undergone significant... show more »
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