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20496592
20496601

97 Linwood Ave, Buffalo, NY 14209

MB
NY 10371200173, PA SBR001452 (+1)
Network One Realty
Listed by Network One Realty
$975,000
617 days on market
Updated 59 days ago

THE LINWOOD AVE. APARTMENTS

Details
APN 100-630-0001-004-100
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,969
Net Rentable (SqFt) 9,000
Units 12
Cap Rate 7.30%
NOI $80,000
Occupancy 80%
Pro-Forma Cap Rate 8.30%
Pro-Forma NOI $90,000
Class B
Year Built 1900
Year Renovated 1990
Buildings 1
Stories 3
Lot Size (SqFt) 11,593
Parking Spaces 9 spaces
Parking per 1,000 SqFt 0.82
Investment Type Value Add
Ownership FEE SIMPLE

Multifamily | 12 Units | $81,250/unit

Marketing description

Introducing 97 Linwood Ave. Apartments - a prime real estate opportunity in Buffalo, NY! This historic property boasts 12 studio and 1-bedroom apartments with an 80% leased occupancy, offering a solid investment potential. Tenants enjoy the convenience of electric and water included in rent, while gas is tenant-paid. Located in the bustling Medical Corridor, the building is easily accessible via public transportation and major highways. Featuring a "value add" opportunity, this property includes appliances and coin-operated laundry for tenant use. With a unique historical mansion design and ample off-street parking, it presents an attractive option for investors looking to grow their portfolio. Don't miss the chance to own this gem in a sought-after location. For more information and property tours, reach out for a non-disclosure agreement today.

POSSIBLE PRIVATE SHORT TERM FINANCING BY OWNER!

Investment highlights

DESTINCTIVE LINWOOD MANSION -FEATURING 12 APARTMENTS SSTUDIOS AND 1BEDROOM DESIGNS. SOME OFF STREET PARKING AVAILABLE. 3 LEVELS, 4 UNITS ON EACH LEVEL, PLUS FINISHED BASEMENT WITH POSSIBLE 13TH “GARDEN LEVEL” UNIT.

LANDLORD PAYS ELECTRIC AND WATER, TENANTS PAY HEAT. ALL NEWER APPLIANCES, BATHS WITH TUB AND SHOWERS AND SOME WITH JUST SHOWERS.

THERE IS COIN LAUNDRY IN THE BASEMENT.

UNITS ARE UNIT IN STYLE AND LAYOUT.

CLOSE TO BUS LINE, BUFFALO CBD, BUFFALO MEDICAL CORRIDOR AND THE CANADIAN BOARDER.

LOCATED AT THE CORNER OF LINWOOD AVE. AND SUMMER ST.

THE BASEMENT HAS AN ADDITIONALSECTION THAT IS FINISHED, OFF, FOR VERSATILE USE.

Listing Contacts

MB
NY 10371200173, PA SBR001452 (+1)
Network One Realty
Listed by Network One Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$80,000.00
$6,666.67/mo

Valuation Metrics

0
DSCR
8.21%
Cap Rate
8.21%
ROI

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