575-587 Starin Ave - Apartments FOR SALE


Buffalo, NY 14216- Starin Central
$1,799,000 USD
716-849-1234
575-587 Starin Ave, Buffalo, NY for Sale
$1,799,000 USD
Apartments - FOR SALE
1/37
null | Request Cap Rate

575-587 Starin Ave
Buffalo, NY 14216
Starin Central


HIGHLIGHTS

  • Corner Lot
  • Fully Occupied
  • Off-Street Parking

OVERVIEW

Excellent investment opportunity in highly desirable North Buffalo! Situated on a prominent corner lot at the intersection of Starin and St. Lawrence, 575 Starin Ave is a well positioned 16 unit apartment complex consisting of four buildings, offering an attractive opportunity in one of Buffalo’s most stable and sought after rental markets. All 16 apartments are spacious two bedroom units, each featuring a functional layout with a kitchen, living room, two bedrooms, full bathroom, and ample closet and storage space. Each unit has separate heating and electric utilities, while the landlord supplies hot water. Every apartment is also equipped with its own separate laundry hookup system and secured storage, providing added convenience. The property offers 16 on site parking spaces, with one dedicated space for each apartment, along with plenty of outdoor space located behind the buildings for tenants to enjoy. With its desirable North Buffalo location, strong unit configuration, individual utilities, on site parking, and tenant amenities, 575 Starin Avenue presents an excellent opportunity to acquire a 16 unit multifamily asset with the potential for an attractive return on investment.

FOR SALE DETAILS

PRICE

$1,799,000 USD

PRICE/SF

$82 USD /SF

# OF UNITS

16

PRICE/UNIT

$112,438

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

N-3R

APN/PARCEL ID

140200-078-440-0001-018-100,140200-078-440-0001-020-100

ASK ABOUT THIS PROPERTY

Gary GrecoGurney Becker & BourneMore Info
716-849-1234

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Gary GrecoGurney Becker & BourneMore Info
716-849-1234

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