2325 S Park Ave - Apartments FOR SALE


Buffalo, NY 14220- South Park
$1,200,000 USD
716-655-1655
2325 S Park Ave, Buffalo, NY for Sale
$1,200,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

2325 S Park Ave
Buffalo, NY 14220
South Park


OVERVIEW

Amazing opportunity in the City of Buffalo to significantly increase the number of doors in your portfolio with this rare multi-building package. This offering includes four fully occupied properties—2325, 2328, 2329, and 2331 South Park Avenue—plus a .72-acre vacant lot at 2317 South Park with frontage stretching along Dallas Rd, offering excellent future development potential. At 2325 South Park, a distinctive brick corner building with standout architecture and strong street visibility, you'll find a fully leased commercial space along with two 1-bedroom and two 2-bedroom apartments. The 2-bedroom units feature in-unit laundry, and all units are separately metered with newer hot water tanks and many updated heating units. This building also includes a garage—ideal for added income or a convenient space for storage, maintenance, or supplies. Next door, 2329 South Park is a well-maintained 2-unit with newer furnaces (within the last five years), updated hot water tanks, separate laundry for each unit, and a newer roof. Adjacent 2331 South Park is a fully occupied 3-bedroom upper/lower double with newer mechanicals and tenant access to the basement for laundry. Across the street, 2328 South Park offers great curb appeal, a front porch, a backyard, and updated furnaces and hot water tanks within the last 12 years. All units sit over full basements, providing added functionality and storage space. The properties have been well cared for by the long-time owner, with thoughtful updates and consistent upkeep throughout. With all units currently rented and most at below-market rates, this is a strong portfolio with stable income and room to grow. Square footage based off the total square footage from public records of all 4 included buildings. Also listed under multi family MLS B1620060

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

5

PRICE/UNIT

$240,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

36,817 SF

ZONING

Commercial

APN/PARCEL ID

140200-133-710-0005-048-000,140200-133-710-0006-015-000,140200-133-710-0007-024-000

ASK ABOUT THIS PROPERTY

Thomas MasonHoward Hanna Real Estate ServicesMore Info
716-655-1655

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Thomas MasonHoward Hanna Real Estate ServicesMore Info
716-655-1655

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