310 Hampshire St - Apartments FOR SALE


Buffalo, NY 14213- Grant Ferry
$525,000 USD
585-252-5138
310 Hampshire St, Buffalo, NY for Sale
$525,000 USD
Apartments - FOR SALE
1/48
null | 8.19% Cap Rate

310 Hampshire St
Buffalo, NY 14213
Grant Ferry


HIGHLIGHTS

  • Six Unit Property
  • Has Vacancies (Good for Live In Owner)
  • Value Added

OVERVIEW

CASH FLOWING Class B 6-Unit Brick Apartment building for Sale. $3,500+ NET per month. Pro Forma NOI $72,300. Excellent addition to a portfolio. Tenants pay their own utilities. Apartments 1 and 2 each measure 1,000 sq ft of livable space. Apartments 3,4, and 5 have 1,200 square feet of space each. Expired leases are on a month to month. Solid, brick building. Foundation evenly settled. Lot Size Dimensions 48X144. Erie County Assessed Valuation: $ 671,800. Roof from 2023. Deferred maintenance: Apt 2,4, and 5 have older furnaces. Below market rents present forced appreciation opportunities. Forced Appreciation options: Increase rents on month to month apartments. Condo conversion. Traveling nurse stay opportunities. UPDATE: 2 Vacanc

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

6

PRICE/UNIT

$87,500

CAP RATE

8.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1892

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,287 SF

ZONING

N-2E

APN/PARCEL ID

140200-099-430-0002-013-000

ASK ABOUT THIS PROPERTY

Frank BessingThe Sokody Team @Howard HannaMore Info
585-252-5138

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Frank BessingThe Sokody Team @Howard HannaMore Info
585-252-5138

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