GREAT WNY MULTIFAMILY ASSET OFFERING! THE BUFFALO-NIAGARA PORTFOLIO IS COMPRISED OF 6 SEPERATE COMMUNITES, (ALL WITHIN 3-20 MINUTES OF EACH OTHER) WITH 15 BUILDINGS, TOTALING 157,692 SQAURE FEET, ALL LOCATED IN ERIE & NIAGARA COUNTIES. THE PROPERTIES ARE SELF MANAGED BY CURRENT OWNER. THE MAKEUP OF THE UNITS ARE 1- AND 2-BEDROOM GARDEN STYLES, WITH SINGLE FULL BATHS. THERE IS A COMBINATION OF BOTH COMMON AND SUB-METERED UTITLTIES.
CURRENT OWNERSHIP WILL BE LOOKING TO COMPLETE A 1031 EXCHANGE. THE PROPERTIES WILL BE SOLD AS ONE ENTITY AND CANNOT BE SOLD SEPERATELY.
APPLIANCES, OFF STREET PARKING, GARAGES, LAUNDRY AND STORAGE ARE OFFERED. SEVERAL PROPERTIES ARE “PET FREINDLY!
TENANCY IS MARKET RATE WITH A SMALL PERCENTAGE OF RENTAL ASSISTANCE TENANTS. ANNUAL LEASES
ALL LOCATIONS ARE IN STRONG RESIDENTIAL COMMUNITIES, C+ TO B+ CLASS UNITS. EASY ACCESS TO BUSINESS DISTRICTS, SCHOOLS, PARKS AND RECREATION AREAS ALONG WITH RETAIL HUBS, AND MAJOR ROADWAYS WITH PUBLIC TRANSPORTATION.
CURRENT RENTS RE APPROX. 92% OF PROJECTED TARGETED MARKET RENTS.
NO PRIVATE FINANCING AVAILABLE.
NO UNACCOMPANIED VISITS PLEASE