Exceptional 4 unit multi-family investment property in Macedon, NY offering an outstanding opportunity for both investors and owner-occupant landlords. This freshly remodeled 3871sqft building is move-in ready and positioned to generate strong rental income in a highly convenient location. Each apartment comes equipped with brand-new kitchen appliances. The massive first-floor unit offers premium living space rarely found in multi-family properties and is ideal for an owner-occupant or high-end rental. This unit includes 1.5 bathrooms, a walk-in closet, dedicated laundry room, and a large living room with a gas fireplace. From an operational standpoint, the property is designed for efficiency with separate utilities, individual water heaters, and separate electrical panels for each unit, simplifying management and reducing owner expenses. The property features durable scratch/water-resistant laminate flooring throughout along with many newer vinyl replacement windows. Three of the four units include in-unit laundry hookups, a desirable feature for tenants that can support higher rents and lower turnover. Based on market rents averaging approximately $1,200 per unit, the property has the potential to generate over $57,000 in gross annual rental income, creating more than $50,000 in annual cash flow potential. Exterior amenities include a large attached two-car garage, ample driveway parking, and additional parking available in the adjacent lot, providing plenty of space for residents and guests. The location is a major advantage. Situated in Macedon, New York, the property is within walking distance to Lowe's, Walmart, Tractor Supply, and other major retailers, while being just 5 minutes from Perinton Square and less than 15 minutes from Pittsford, offering easy access to shopping, dining, and employment centers throughout the greater Rochester area. Whether you are looking for a cash-flowing four-unit investment property near Rochester, NY, a house-hack opportunity, or a turnkey multi-family building in Macedon, this property delivers strong rental potential, modern updates, and an excellent location. Showings begin Thursday, March 19th at 8am.
Listing By
Agency Name: RE/MAX Realty Group
Agency Phone: 585-248-0250
Shown By
Agent Name: Cassandra Whitney
Agent Phone: (716) 536-2101
Agency Title: MJ Peterson Real Estate
Estimated Payment
$ 1,574.24 per month $945.87 Principal & Interest $504.42 Property Tax $123.96 Homeowner's Insurance
248 State Route 31 | MLS# R1666258
This home located at 248 State Route 31 , Macedon, NY 14502 is currently listed for sale with an asking price of $425,000. This property was built in 1875 and has 4 bedrooms and 4 full baths with 3871 sq. ft. State Route 31 is located within the Palmyra-Macedon school district. Search Macedon real estate on cwhitney.mjpeterson.com today.