Listed by Network One Realty
$3,996,000
19 HEATH ST PORTFOLIO
Details
APN 079-550-0001-016-000
Property Type Multifamily
Sub Type Student Housing
Square Footage 36,265
Net Rentable (SqFt) 34,014
Units 28
Beds 111
Cap Rate 8.68%
NOI $347,000
Occupancy 100%
Pro-Forma Cap Rate 12.52%
Pro-Forma NOI $500,200
Price per SqFt $110
Year Built 1915
Year Renovated 2000
Buildings 15
Stories 2
Parking Spaces spaces
Investment Type Value Add
Occupancy Date 11/28/2025
Ownership FEE SIMPLE
Multifamily | 28 Units | $142,714/unit
Marketing description
Select student housing portfolio.
15 buildings, all centrally located near University at Buffalo, Main St. campus.
100% occupied, with leases, all joint and several.
Huge upside with an in-place cap rate of 8.7% for 2024.
Rent increases now in effect for next year, reflect 12.5% cap rate for 2026.
owner retiring, but willing to stay on in a managerial roll.
singles and two-family buildings.
Investment highlights
huge cash flow
always rented!
strategic locations, all buildings within minutes of each other
Staff and management willing to stay on with new owner.
Listing Contacts
Listed by Network One Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$347,000.00
$28,916.67/mo
Valuation Metrics
0
DSCR
8.68%
Cap Rate
8.68%
ROI
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