14-20 Saint Louis Pl - Apartments FOR SALE


Buffalo, NY 14202- Allen
$6,200,000 USD
716-983-4789
14-20 Saint Louis Pl, Buffalo, NY for Sale
$6,200,000 USD
Apartments - FOR SALE
1/12
null | 6.85% Cap Rate

14-20 Saint Louis Pl
Buffalo, NY 14202
Allen


HIGHLIGHTS

  • 38 units.
  • Market rate rents.
  • Walk to Medical Campus and Downtown.

OVERVIEW

This 38-unit property combines exceptional location, meticulous maintenance, and strong income potential. The four adjoining structures form a cohesive complex located at the nexus of the bustling Buffalo Niagara Medical Campus, downtown Buffalo, and trendy Allentown neighborhood - collectively home to the region's largest economic institutions and cultural destinations. With little-to-no deferred maintenance and no pending capital requirements, this property is ready to generate stable, immediate income. BUILDING FEATURES: • Recent capital improvements include masonry repointing, new pitched gable asphalt roofs, newer windows, and updated interiors. • All units have individually metered gas and electric. • Central door access controls and camera system for added security and remote management. APARTMENT HIGHLIGHTS: • Rents and occupancy are at market levels. • High proportion of 1-bedroom units (most in-demand unit type in this market). • Proven success with furnished rentals given the property’s strategic location. • In-unit laundry in 36 of 38 apartments. The other 2 apartments share common laundry. • High quality finishes including granite or stone countertops and hardwood floors. • See marketing brochure for each building's floorplans LOCATION HIGHLIGHTS: • Across the street, the Buffalo Niagara Medical Campus features leading hospitals, research institutions, and the $400M state-of-the-art University at Buffalo School of Medicine. This “eds and meds” hub generates a deep, consistent renter pool for long-term leases or short-term furnished rentals. • The building’s location on the north end of downtown provides walkable proximity to major employers, including M&T Bank (HQ), Delaware North (HQ), and other finance and professional service firms. • The property sits one block south of Allen Street, one of the City’s most walkable and vibrant neighborhood commercial corridors, featuring restaurants, bars, and retail.

FOR SALE DETAILS

PRICE

$6,200,000 USD

PRICE/SF

$212 USD /SF

# OF UNITS

38

PRICE/UNIT

$163,158

CAP RATE

6.85%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Lofts Buffalo

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1890

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,983 SF

ZONING

N-2R

APN/PARCEL ID

140200-111-220-0008-003-000,140200-111-220-0008-004-000,140200-111-220-0008-005-200,140200-111-220-0008-006-000

ASK ABOUT THIS PROPERTY

Matt HartrichSchneider Real Estate ServicesMore Info
716-983-4789

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Matt HartrichSchneider Real Estate ServicesMore Info
716-983-4789

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.