227 Abbott Rd - Apartments FOR SALE


Buffalo, NY 14220
$449,900 USD
716-652-0232
227 Abbott Rd, Buffalo, NY for Sale
$449,900 USD
Apartments - FOR SALE
1/37
null | 8.2% Cap Rate

227 Abbott Rd
Buffalo, NY 14220


HIGHLIGHTS

  • Great Long Term Tenants
  • Good Upside and Condition
  • Additional parking lot and Garage

OVERVIEW

This classic 6-unit rental property is a prime investment opportunity with historic feel and architecture and good cap rate, in great Abbott Road South Buffalo Location. Impressive architecture, and ample off-street parking, it’s perfect for investors. The property features 6 well-maintained residential units, each with its own storage unit, on site parking, and Common Laundry. An added spacious garage close to 42 x40 with two 10 foot high entry doors has significant potential for conversion into additional rental opportunity, Currently, the garage generates $400/month from a tenant, but it offers room for over 6 cars and could bring even more income if converted. With a gross annual income exceeding $51k, this property is fully occupied and each unit is thoughtfully cared for including windows. The sale includes the adjoining lot at 229, providing tenants with plenty of parking. Plus, there's a convenient bus stop right out front. This is a fantastic opportunity that shouldn’t be missed!

FOR SALE DETAILS

PRICE

$449,900 USD

PRICE/SF

$68 USD /SF

# OF UNITS

6

PRICE/UNIT

$74,983

CAP RATE

8.2%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1920

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Multiple

APN/PARCEL ID

140200-133-230-0004-001-000,140200-133-230-0004-002-000

ASK ABOUT THIS PROPERTY

Jerry ThompsonCentury 21 Gold StandardMore Info
716-652-0232

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Jerry ThompsonCentury 21 Gold StandardMore Info
716-652-0232

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