Meadowlawn and Meadowspring Apartments Multi-Family FOR SALE


North Tonawanda, NY
$11,136,000 USD
716-884-4437
, North Tonawanda, NY for Sale
$11,136,000 USD
Multi-Family - FOR SALE
1/25
null | 6.64% Cap Rate

Meadowlawn and Meadowspring Apartments
North Tonawanda, NY


HIGHLIGHTS

  • 80 apartments, 64 two-bedroom and 16 one-bedroom, in two apartment complexes together for $11,136,000.
  • Excellent condition with new furnaces, windows, and roofs
  • Two apartment complexes within 2 ½ miles of each other with a common management office
  • Turn-key investment with onsite management and maintenance office
  • Remodeled kitchens and baths
  • The Meadowlawn apartments are available separately for $4,512,000. The Meadowspring apartments are available separately for $6,624,000.

OVERVIEW

80 apartments in two apartment complexes 2 ½ miles of each other; combined sale of the Meadowspring Apartments and the Meadowlawn Apartments in North Tonawanda, New York. The Meadowlawn Apartments; 32 large luxury two-bedroom units in two 16-unit buildings with 14 garages are available separately for $4,512,000, and the Meadowspring Apartments; 48 apartments in eight brick buildings including 32 two-bedroom units and 16 one-bedroom units are available separately for $6,624,000. Turn-key investment with onsite management, rental, and maintenance office. Heat and water included in rent, gas fired baseboard heat. Tenants pay electric including AC. The apartments are in excellent condition; the owners have continuously upgraded the property over the past 20+ years. North Tonawanda, between the cities of Buffalo and Niagara Falls within the Buffalo MSA (pop. 1.25 million), has convenient access to both Erie and Niagara Counties. Near grocery stores, pharmacy, and the University at Buffalo north campus. Downtown North Tonawanda has received considerable public and private investment over the past few years attracting new and higher paying tenants to the area.

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.