Listed by Chubb Aubrey Leonard Real Estate
$749,000
338 Auburn Ave
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,319
Units 8
Cap Rate 8.74%
NOI $65,498
Occupancy 100%
Pro-Forma Cap Rate 9.69%
Pro-Forma NOI $72,566
Class C
Year Built 1960
Investment Type Sale/Leaseback
8 Unit Apartment Building
Marketing description
338 Auburn Ave is a rare opportunity to own a fully occupied 8-unit apartment building in Buffalo’s vibrant West Side. Each unit features 1 bedroom and 1 bathroom, ideal for steady rental demand. All utilities are included in rent, simplifying management and appealing to tenants. With a strong rental history and a prime location near Elmwood Village, Five Points, and public transportation, this property offers stable cash flow and long-term upside. A solid addition to any investor’s portfolio! Sewer rent is $689.31. 48 hour notice for all showings. Listing Agent is part owner.
Listing Contacts
Listed by Chubb Aubrey Leonard Real Estate
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$65,498.00
$5,458.17/mo
Valuation Metrics
0
DSCR
8.74%
Cap Rate
8.74%
ROI
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