Bell Tower Lofts | 375 Colvin Ave
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Bell Tower Lofts 375 Colvin Ave
26 Unit Apartment Building $5,800,000 ($223,077/Unit) Buffalo, NY 14216
Investment Highlights
- 26 unit luxury apartments on 0.65 acres.
- Multiple unique layouts included 15 one-bedrooms, 10 two-bedrooms, and 1 three-bedroom.
- Short ten minute drive from Buffalo.
- Located in the heart of Buffalo at the corner of Colvin and Tacoma.
- New kitchens, bathrooms, vinyl flooring, central air, walk-in closets, stainless steel appliances, in-unit laundry, and secured off-street parking.
- Unique investment opportunity, transformed from the former Northern Buffalo Baptist Church.
Executive Summary
Presenting a rare chance to acquire a 26-unit apartment complex built in 2017. Formerly known as the North Buffalo Baptiste Church, 375 Colvin has been transformed into a luxury living space. This stunning three-story, 30,798 square-foot building is located at the corner of Colvin and Tacoma, in the heart of North Buffalo. The building offers multiple unique layouts, including 15 one-bedroom units, 10 two-bedroom units, and 1 three-bedroom unit. Each of the 26 units boasts new kitchens and bathrooms, luxury vinyl flooring, central air conditioning, walk-in closets, stainless steel appliances, in-unit laundry, secured off-street parking, spacious bedrooms, and an elevator in the building. The property is within walking distance to the vibrant Hertel strip, known for its array of small businesses, dining, bars, and shopping. Additionally, it is conveniently located just 10 minutes from downtown Buffalo. This property represents a unique investment opportunity in one of Buffalo's most sought-after neighborhoods.
Property Facts
| Price | $5,800,000 | Building Class | B |
| Price Per Unit | $223,077 | Lot Size | 0.65 AC |
| Sale Type | Investment | Building Size | 32,637 SF |
| No. Units | 26 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2017 |
| Apartment Style | Low Rise | Parking Ratio | 1.38/1,000 SF |
| Price | $5,800,000 |
| Price Per Unit | $223,077 |
| Sale Type | Investment |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.65 AC |
| Building Size | 32,637 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2017 |
| Parking Ratio | 1.38/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Walk-In Closets
- Wheelchair Accessible (Rooms)
Site Amenities
- Gated
- Trash Pickup - Curbside
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 15 | - | 850 - 970 |
| 2+2 | 10 | - | 890 - 1,100 |
| 3+1.5 | 1 | - | 1,500 |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 140200-078-570-0007-001-000 | Improvements Assessment | $3,719,100 |
| Land Assessment | $255,900 | Total Assessment | $3,975,000 |
PROPERTY TAXES
Parcel Number
140200-078-570-0007-001-000
Land Assessment
$255,900
Improvements Assessment
$3,719,100
Total Assessment
$3,975,000
zoning
| Zoning Code | N-3R (N-3R) |
| N-3R (N-3R) |
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Bell Tower Lofts | 375 Colvin Ave
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