2290-2300 Elmwood Ave - Apartments FOR SALE


Kenmore, NY 14217
$2,895,000 USD
716-570-7600
2290-2300 Elmwood Ave, Kenmore, NY for Sale
$2,895,000 USD
Apartments - FOR SALE
1/22
null | 7.81% Cap Rate

2290-2300 Elmwood Ave
Kenmore, NY 14217


OVERVIEW

FOR SALE: PRIME 28-UNIT APARTMENT COMPLEX – 2290-2300 ELMWOOD AVE, KENMORE, NY An exceptional investment opportunity in the heart of Kenmore! Owned for 23 yrs. This well-maintained 28-unit apartment building consists of 25 two-bedroom units, 1 three-bedroom unit, and 2 one-bedroom units, offering a strong unit mix for stable rental income. Key Features: ? 16 units renovated, enhancing tenant appeal ? Two boilers – one newly installed in 2023, the other from 2007 ? New electric service in both buildings ? Roof approximately 10 years old ? 12 covered carports plus additional off-street parking ? Rent includes heat and water – tenants pay their own electric This highly desirable location provides easy access to major roadways, shopping, dining, and public transit, making it an attractive choice for renters. A perfect value-add opportunity for investors looking to increase revenue and long-term appreciation. Brokers protected Contact Chris Greco for tours 716-570-7600 chris@grecorealestate.com

FOR SALE DETAILS

PRICE

$2,895,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

28

PRICE/UNIT

$103,393

CAP RATE

7.81%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1927

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

04 - FARM

APN/PARCEL ID

146401-078-290-0006-024-000

ASK ABOUT THIS PROPERTY

Chris GrecoGreco Real EstateMore Info
716-570-7600

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Chris GrecoGreco Real EstateMore Info
716-570-7600

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