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55 Bennington Drive, Rochester, 14616

$1,750,000

  • 17,976 sqft
  • Residential Income /Other - See Remarks
55 BENNINGTON DRIVE, Rochester, NY for sale.
55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
                                  55 BENNINGTON DRIVE, Rochester, NY for sale.
Courtesy of ROC Real Capital, LLC
Current owners have owned the property for two years, in which they have leased up and stabilized the asset, leaving a prospective buyer with considerable upside in net operating income from completing the current owners renovation schedule (bringing rents up to market rent) and normalizing expenses over the short term. Rents are steadily being increased as units turn over with no sign of market resistance even above $1100 for renovated units. Normalizing insurance, landscaping, snow removal, refuse removal, and utility expenses also present great opportunities to push Net Operating Income without capital intensive projects. Another consideration for capturing value is sub-metering for water/sewer at the subject property which is commonplace in the MSA among town home communities.
Last updated on 1/19/2019
Courtesy of ROC Real Capital, LLC

More Details for 55 Bennington Drive

Property Class: All Properties
Listing Status: Active
City: Rochester
State: NY
Zip: 14616
Area: Rochester
Subarea:Town Lt
County: Monroe
Class: Residential Income
Property Subtype: Other - See Remarks
Approx Lot Size: 1.140
Stories: 2
Garage:Yes
Parking Total:2.00
Living Area (SqFt): 17,976 sqft
Lot Size Area Sq Feet: 49658.00
Lot Size Area Acres: 1.14000
Property Tax: $45,097
Listing#: R1166170
Parcel Number: 26140007542000010170000000
Year Built: 1969
School District: Rochester
List Date: 1/2/2019

Features for 55 Bennington Drive

Amenities: No Amenities
HVAC Type: Forced Air
Lot Desc: Near Bus Line, Neighborhood Street
Utilities: Gas
Basement Description: Full
Heating Fuel: Gas
Property Type Descr: Other - See Remarks
Roof: Asphalt
Floors: Ceramic-Some, Vinyl-Some, Wall To Wall Carpet-Some
Kitchen Features: Other - See Remarks
Road: Blacktop
Utilities Water: Public

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Based on information from CNYIS, Inc., GENRIS and WNYREIS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable, but not guaranteed.
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