After many of the area's major employers -- Eastman Kodak, Xerox and Bausch & Lomb -- downsized or closed up shop, a glut of homes came onto the market, allowing investors to take their pick at bargain basement prices.
And with several colleges and universities, including the University of Rochester and Rochester Institute of Technology, drawing thousands of students to the area each year, there have been plenty of renters to choose from.
"A lot of buyers are looking long-term, sometimes as part of a retirement plan," said local real estate agent Jeffrey Schuetz. "With the rents they get, they can pay down a mortgage and still cover costs."
This nicely kept 1,200-square-foot home with refinished hardwood floors and trim is selling for just $125,000.
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