1654 Abbott Rd
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1654 Abbott Rd
13 Unit Apartment Building $1,250,000 ($96,154/Unit) 9.02% Cap Rate Buffalo, NY 14218
Investment Highlights
- Value Add Multi Family Property
- 3 Brick Buildings
- Below Market rents
Executive Summary
For additional information and financials please contact Michael Santa Maria @ 716 783 6920
13 2 bedrooms units with 3 brick buildings , all the units have separate gas and electric meters
some rents are below market , some need minor upgrades such as paint and floors,
13 boilers one for each unit
units 2,3,5,7,8,9,11,12, and 15 have been renovated
13 2 bedrooms units with 3 brick buildings , all the units have separate gas and electric meters
some rents are below market , some need minor upgrades such as paint and floors,
13 boilers one for each unit
units 2,3,5,7,8,9,11,12, and 15 have been renovated
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $96,154 | Lot Size | 0.41 AC |
| Sale Type | Investment | Building Size | 10,323 SF |
| Cap Rate | 9.02% | Average Occupancy | 95% |
| No. Units | 13 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2023 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,250,000 |
| Price Per Unit | $96,154 |
| Sale Type | Investment |
| Cap Rate | 9.02% |
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 10,323 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built/Renovated | 1959/2023 |
| Parking Ratio | 1.74/1,000 SF |
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Vinyl Flooring
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 13 | $1,100 | 725 |
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PROPERTY TAXES
| Parcel Number | 140900-142-160-0001-026-000 | Improvements Assessment | $461,500 |
| Land Assessment | $38,500 | Total Assessment | $500,000 |
PROPERTY TAXES
Parcel Number
140900-142-160-0001-026-000
Land Assessment
$38,500
Improvements Assessment
$461,500
Total Assessment
$500,000
zoning
| Zoning Code | NC |
| NC |
-
Mike Santa Maria - Santa Maria Development, LLC
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1654 Abbott Rd
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