3930 Bailey Ave - Apartments FOR SALE


Amherst, NY 14226
$579,000 USD
716-884-4437
3930 Bailey Ave, Amherst, NY for Sale
$579,000 USD
Apartments - FOR SALE
1/7
null | 6.83% Cap Rate

3930 Bailey Ave
Amherst, NY 14226


HIGHLIGHTS

  • Brick apartments with separately metered tenant utilities
  • All two-bedroom apartments with eat-in kitchen and hardwood floors
  • Amherst location near south University campus
  • Newer roof, furnaces, and replacement windows
  • Rear carport and additional parking
  • Appeals to students and working professionals

OVERVIEW

Brick four-unit in Amherst, four 2-bedroom apartments with one bath, with separate utilities; tenants pay heat, hot water and electric. The apartments are large with an eat-in kitchen, two bedrooms, and hardwood floors. There is one parking space in the rear carport for each apartment. Recent building improvements include new furnaces in 2012, new roof in 2015, and replacement vinyl windows. Apartment updates include some kitchen cabinets, counters, and bathroom fixtures. The location on Bailey Avenue is within walking distance of the State University of New York at Buffalo south campus. The property is also a five-minute walk from a UB Maynard shuttle bus stop allowing quick access to either campus. The property caters to both students and working professionals.

FOR SALE DETAILS

PRICE

$579,000 USD

PRICE/SF

$123 USD /SF

# OF UNITS

4

PRICE/UNIT

$144,750

CAP RATE

6.83%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3930 Bailey Avenue Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,560 SF

ZONING

-

APN/PARCEL ID

142289-079-250-0001-009-000

ASK ABOUT THIS PROPERTY

Brian HeineBrian Heine - Licensed Real Estate BrokerMore Info
716-884-4437

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Brian HeineBrian Heine - Licensed Real Estate BrokerMore Info
716-884-4437

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