SILVER LAKE APARTMENTS
Multifamily | 60 Units | $80,000/unit
Marketing description
Ø Located in the Lasalle District of Niagara Falls,
Ø Minutes from the Niagara Falls Factory Outlet Mall, Restaurants, Shopping, Schools, Parks and Recreation.
Ø Just 15 minutes to the Canadian border and 25 minutes to the Greater Buffalo CBD.
Ø Silver Lake is comprised of 60 garden style, (one- and two-bedroom units)
Ø Spacious units with eat in kitchen & appliances.
Ø Tenant storage, Coin laundry & ample surface parking.
Ø Six buildings, with 10 units in each.
Ø Exteriors are masonry and stucco construction. Roofs are flat and replaced within the past 10 years.
Ø Easy access to all major roadways and interstate thruways to scenic Niagara Falls, the town of Lewiston and the Greater Buffalo region.
Ø Silver Lake is in close proximity to the Niagara Falls airport, abundant retail, shopping and commerce, around the Military Rd. and Niagara Falls Blvd. corridor. Very close to several “Tenant pipeline’s” which includes the expansion of the Niagara Falls Factory Outlet Mall, the newly developed Lasalle Power Retail Center, as well as Niagara Falls tourism and trade facilities and the benefit of the Seneca Niagara Casino.
Ø Silver lake is embedded in the predominately residential community of Lasalle, NY. 7 minutes to shopping, schools and Thruway access. There is public transportation at the property site.
Ø Tenancy is strong, rents are competitive and there is room for “Value Add” growth thru Cap Ex. And lease trade outs!
Investment highlights
THIS IS A TRYE VALUE ADD OPPORTUNITY
TENANTS ARE BOTH MONTH TO MONTH AND LEASED
RESIDENTIAL COMMUNITY, WITH EAY ACCESS TO SCHOOLLS, PARKS AND SHOPPING
CLOSE TO EVERYTHING AND PUBLIC TRASPORTATION
1 & 2 BEDRROM LAYOUTS, ARE ALL GOOD SIZE, WITH HEAT AND WATER INCLUDED
NO PRIVATE FINANCING AT THIS TIME.
HIGH TECH BOILERS INSTALLED
CLOSE TO THE GRANDISLAND BRIDGE AND DOWNTOWNBUFFALO CBD!
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