4725 Chestnut Ridge Rd - Apartments FOR SALE


Amherst, NY 14228
$1,750,000 USD
716-884-4437
4725 Chestnut Ridge Rd, Amherst, NY for Sale
$1,750,000 USD
Apartments - FOR SALE
1/20
null | 5% Cap Rate

4725 Chestnut Ridge Rd
Amherst, NY 14228


HIGHLIGHTS

  • One, two, and three bedroom apartments with separate utilities
  • Some apartments have in unit washers and dryers and multiple bathrooms
  • Open and unique apartment layouts
  • Amherst location near the State University of NY at Buffalo north Amherst campus
  • Additional garages and coin laundry
  • Near office parks and shopping plazas

OVERVIEW

Fourteen apartments with separate utilities in four apartment buildings on a single lot on Chestnut Ridge Road in the town of Amherst. The existing buildings at the site were remodeled and additional new buildings constructed in 1981. There are four apartment buildings; A (six apartments), B (two apartments), C (three apartments, and D (three townhouse apartments). The apartment layouts are large. unique, well thought out. Features include open kitchens and combination hardwood flooring and carpet in the new construction in building A, and the incorporation of rustic barnwood beams, patios, multiple bathrooms, and in unit laundries in building D. The property is in excellent condition with capital improvements and larger repairs from 2020 through 2025. Chestnut Ridge Road is a mix of apartment buildings, condominiums, and student housing adjacent to the State University of NY at Buffalo north Amherst campus. The property is walking distance to the Rensch Road University entrance.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

14

PRICE/UNIT

$125,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Chestnut Farms Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,944 SF

ZONING

-

APN/PARCEL ID

142289-054-340-0001-005-000

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 Notice.