85 KENSINGTON AVE Buffalo NY 14214-2705

MONEYMAKER! The closest thing to printing your own money. This portfolio brings in a gross of $737,460 even though it still has over 30 units vacant. Includes Mixed Use with a Bar and Restaurant that has a rooming house with 20 doors being used as a rooming house, 4 AirBNBs, and an active Bar/Restaurant with current lease. A single family is on the same parcel ID and is included in the sale.

In that same area there is a Mixed use with 2 residential 1 commercial space which had interest from a Barbershop owner which fell through. Available for leasing and comes with 1 Acre in a Class B region.

The portfolio represents about 25 years of purchases, renovations, rehabs, rentals, and property management by two best friends. One of them passed away last year. This is the reason for the sale. We’ve already sold three properties individually which were part of this portfolio.

We will consider LOIs for the entire portfolio, individual properties, or a group of properties. Owner can stay on for up to one month on select properties for smooth transition.

NDA required prior to viewing Rent Rolls. Contains mostly Class B, some Class A, and few Class C.

Many more pictures available - PM for link.

Asking $8,180,000

Total Gross $737,460.00

Expenses 30% (estimated)

NOI $516,222.00

Cap 6.31%

Total Properties 16