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Apartments For Sale • 5,760 SF
| With 24 rooms total and at 85% occupancy, current annual NET return is over $120,000.00 |
| Brand new sprinkler system- over a $100,000 investment significantly reducing annual insurance costs |
| Mostly updated windows, on-site laundry, common restrooms, full dry basement, updated electric, newer sewer line (2017), large parking lot, and garage |
| First Floor can be rebuilt as a tavern (previous use), or additional income-producing first-floor retail, or units/rooms |
| 19/24 rooms bring in over $500/m each with room rates up to $700/m |
| Buy, hire management, or manage yourself and Take Home over 6-figures annually |
| Cap Rate: | 16.00 % |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Buffalo (Exchange) (Empire Service - Amtrak, Maple Leaf - Amtrak, Toronto - New York - Amtrak) | 13 min | - | 7.2 mi |
| Airport | Drive | Walk | Distance |
| Buffalo Niagara International | 25 min | - | 10.9 mi |
| Niagara Falls International | 23 min | - | 14.5 mi |
Emily Cornwell
Hanna Commercial Real Estate
Emily Cornwell
Hanna Commercial Real Estate
