19 Heath St - Apartments FOR SALE


Buffalo, NY 14214- University
$3,996,000 USD
716-874-3530
19 Heath St, Buffalo, NY for Sale
$3,996,000 USD
Apartments - FOR SALE
1/14
null | 8.68% Cap Rate

19 Heath St
Buffalo, NY 14214
University


HIGHLIGHTS

  • 100% OCCUPANCY, JOINT AND SEVERAL LEASES/ LANDLORD PAYS UTITLTIES
  • WALK TO CAMPUS, CLOSE TO ALL CONVIENIENCES,
  • HUGE CASH FLOWING ASSESTS
  • OWNER WILLING TO STAY ON IN A MANAGMENT CAPACITY /CURRENTSTAFFWILLALSO STAY ON IF REQUESTED

OVERVIEW

NOW BEING OFFERED, AN ACCEPTIONAL "VALUE ADD" MULTI BUILDING ASSET WITH TREMENDOUS CASH FLOW! 15 BUILDINGS, LOCATED IN THE UNIVERSITY HEIGHTS DISTRICT OF BUFFALO, N.Y. 15 HEATH ST. IS BEING SOLD WITH 14 OTHER PROPERTIES AS A PROFITABLE STUDENT HOUSING PACKAGE THAT IS WITHIN WALKING DISTANCE TO SUNY BUFFALO. ALL BUILDINGS ARE 100% LEASED. LEASES ARE ANNUAL LEASES, WITH 12 MONTH AGREEMENTS AND THERE IS ONE LEASE PER BUILDING. CONTINUOUS CAP EX. IS ONGOING. ALL LEASES TERMINATE IN MAY. CURRENT INPLACE CAP RATE IS APPROX. 8.70% ALL BUILDINGS STRATEGICALLY LOCATED NEAR EACH OTHER. OPTION TO TAKE OVER CURRENT STAFF 3077 MAIN ST. IS A MIXED USED BUILDING THAT SERVES AND AN OFFICE FOR MANAGMENT WITH 3 APARTMENTS. NDA REQUIRE BEFORE TOURS, PLEASE SEE SUPPLIMENTS ATTACHED

FOR SALE DETAILS

PRICE

$3,996,000 USD

PRICE/SF

$1,498 USD /SF

# OF UNITS

26

PRICE/UNIT

$153,692

CAP RATE

8.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

-

APN/PARCEL ID

140200-079-550-0001-016-000

ASK ABOUT THIS PROPERTY

Michael BattagliaNetwork One RealtyMore Info
716-874-3530

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Michael BattagliaNetwork One RealtyMore Info
716-874-3530

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