LIBERTY PARK APARTMENTS
Multifamily | 104 Units | $135,000/unit
Marketing description
Liberty Park is 104 units, built in 1996. the complex was built under an affordable 55+ provision which expires in October of 2026. The property can then convert to a market rate community. Current rents are restricted based on income.
All units are 2-bedroom, single bath
heat and electric are sub-metered
there is a 4000 sq. ft. community center with recreation, office kitchen and dining faculties for resident use.
There is a 2000 sq. dt. Maintenace facility onsite.
Tours require an NDA confidentiality agreement.
Market rate rents for the area are approx. $1300.00 /mth
Current rents are $908-$995 presently.
Open parking, and coin laundry on sight.
Easy access off the I-190 expressway at William St.
town of Cheektowaga location.
Investment highlights
strong “value Add” “opportunity to convert to market rents.
1996 construction.
Current rent 18-25% below market.
excellent location
Strong employment pipeline for tenancy
roofs - 3 years old
All Maint. free, with slab on grade
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