4973-5271 Tuscarora Rd - Apartments FOR SALE


Niagara Falls, NY 14304- Greater Niagara Falls
$18,300,000 USD
716-874-3530
4973-5271 Tuscarora Rd, Niagara Falls, NY for Sale
$18,300,000 USD
Apartments - FOR SALE
1/22
null | 6.72% Cap Rate

4973-5271 Tuscarora Rd
Niagara Falls, NY 14304
Greater Niagara Falls


HIGHLIGHTS

  • SUBURBAN LOCATIONS, STRONG OCCUPANCY, ALL MARKET RATE UNITS
  • STRONG TENAN PIPLINE, CLOSE TO ALL CONVIENIENCES
  • VALUE ADD MOMENTUM, TENANCY IS UTPACING HOMEOWNERSHIP IN THIS REGION

OVERVIEW

WILDWOOD ACRES IS BEING OFFERED IN CONJUNCTION WITH 2 ADDITIONAL APARTMENT COMMUNITTIES IN NIAGARA COUNTY. THE PACKAGE HAS A TOTAL OF 161 UNITS UNITS ARE 1,2 AND 3-BEDROOM DESIGNS, AND FEATURE GARDEN AND TOWN HOME FLOOR PLANS. THE OWNER SELF MANAGES THE PROPERTY'S, AND THEY WILL BE EXCHANGING INTO OTHER ASSESTS VIA A 1031 EXCHANGE. ALL 3 PROPERTIES ENJOY STRONG OCCUPANCY AND ARE IN EXCELLANT RENTAL LOCATIONS. THE COMMUNITIES ARE CLOSE TO SSHOPPING, COLLEGES, SCHOLLS AND UNIVERSITIES, PARKS AND RECREATION, PUBLIC TRANSPORTATION, AIRPORTS, THE CANADIAN BORDER CENTRAL BUSINESS DISTRICTS.

FOR SALE DETAILS

PRICE

$18,300,000 USD

PRICE/SF

$225 USD /SF

# OF UNITS

161

PRICE/UNIT

$113,665

CAP RATE

6.72%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wildwood Acres

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

200

LAND DETAILS

LAND ACRES

12.3 AC

LAND SF

535,788 SF

ZONING

02

APN/PARCEL ID

293000-132-011-0001-001-211

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.