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566 Colvin Ave
Buffalo, NY 14216

$15,500,000 USD

Apartments For Sale  •  20,552 SF

Property Details

  • Property Type Apartments
  • Total Building Size 20,552 SF
  • Lot Size 4.79 AC
  • Building Class C
  • Year Built 1950
  • Cap Rate 6.29 %
  • Zoning N-3R
39 Transit Score
71 Walk Score

Highlights

6 SUBURBAN LOCATIONS, STRONG TENANCY, STRONG OCCUPANCY
BOTH SUBMETERED AND SEPERATE UTILTITIES, KITCHEN APPLIANCES INCLUDED, BATHS WITH TUB & SHOWERS
OFF STREET PARKING, STORAGE AND ONSITE LAUNDRY FACILITIES
ALL COMMUNITIES CLOSE TO SHOPPING, SCHOOLS, PUBLIC TRANSPORTAION AND MAJOR ROADWAYS
LOCATIONS ARE IN ERIE AND NIAGARA COUNTIES
PORTFOLIO SALE, NO SEPERATION OF PROPERTIES

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $974,552 USD (2024)
Cap Rate: 6.29 %
Total Expenses: $738,258 USD

Amenities

  • Cable Ready
  • Eat-in Kitchen
  • Hardwood Floors
  • Tub/Shower
  • Carpet
  • Attic

Public Transportation

Commuter RailDriveWalkDistance
Buffalo (Exchange) (Empire Service - Amtrak, Maple Leaf - Amtrak, Toronto - New York - Amtrak) 14 min - 6.8 mi
Buffalo (Depew) (Toronto - New York - VIA Rail) 20 min - 9.7 mi
AirportDriveWalkDistance
Buffalo Niagara International 18 min - 8.0 mi
Niagara Falls International 26 min - 12.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 200
Type: Surface
Included in Rent: Yes
Michael Battaglia 716-874-3530 Network One Realty
Michael Battaglia 716-874-3530 Network One Realty