1608 Sweet Home Rd
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1608 Sweet Home Rd
8 Unit Apartment Building $885,000 ($110,625/Unit) Amherst, NY 14228
Investment Highlights
- 8 Unit apartment complex
Executive Summary
This is an 8 unit apartment complex next to the UB Campus entrance. There are 7- two bedroom units and 1 - one bedroom unit in the basement. There are washers & dryers, 8 separate storage units approx. 10x10 each. The property is situated at the corner of Sweet Home & Chestnut Ridge. There is the possibility of building 22-24 more apartments.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$23,025
|
$2.50
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$23,025
|
$2.50
|
Financial Summary (Actual - 2023)
| Taxes | |
|---|---|
| Annual | $23,025 |
| Annual Per SF | $2.50 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $23,025 |
| Annual Per SF | $2.50 |
Property Facts Under Contract
| Price | $885,000 | Building Class | B |
| Price Per Unit | $110,625 | Lot Size | 0.86 AC |
| Sale Type | Investment | Building Size | 9,197 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1876/1994 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Price | $885,000 |
| Price Per Unit | $110,625 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.86 AC |
| Building Size | 9,197 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1876/1994 |
| Parking Ratio | 1.74/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Storage Space
- Yard
- Skylights
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | - |
| 1+1 | 1 | - | - |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $582,000 | |
| Land Assessment | $222,000 | Annual Taxes | $23,025 ($2.50/SF) |
| Improvements Assessment | $360,000 | Tax Year | 2023 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$222,000
Improvements Assessment
$360,000
Total Assessment
$582,000
Annual Taxes
$23,025 ($2.50/SF)
Tax Year
2023
zoning
| Zoning Code | R (Residential) |
| R (Residential) |
-
Clarke Thrasher -
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1608 Sweet Home Rd
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