Listed by Network One Realty
$1,800,000
WINCHESTER APARTMENTS
Details
APN 066-720-0002-040-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 22,740
Net Rentable (SqFt) 20,446
Units 20
Cap Rate 6.76%
NOI $121,642
Occupancy 100%
Pro-Forma Cap Rate 8.61%
Pro-Forma NOI $155,000
Price per SqFt $79
Class B
Year Built 1925
Year Renovated 2000
Buildings 2
Stories 2
Lot Size (SqFt) 29,640
Parking Spaces 22 spaces
Parking per 1,000 SqFt 0.97
Investment Type Value Add
Occupancy Date 12/03/2025
Ownership FEE SIMPLE
Multifamily | 20 Units | $90,000/unit
Marketing description
Comfortable floor plans and generous amenities, these apartments come with a fully equipped eat-in kitchen, separate utilities for heat and electricity. Coin laundry facilities in basement, off street parking and storage in the basement areas is also provided. Winchester is within walking distance to the village of Kenmore, shopping restaurants and public transportation, Units are all 2-bedroom designs and offer modern amenities with appliances. Only 20 minutes to downtown Buffalo, and short drivetimes to most local schools, College & University campuses
Investment highlights
2BED 1BATH UNITS
FRONT AND REAR ENTRANCES
OFF STREET PARKING
OWNER PAYS WATER
TENANTS PAY GAS AND ELECTRIC
LAUNDRY ONSITE
MASONARY CONSTRUCTION
VALUE ADD OPPORTUNITY
Listing Contacts
Listed by Network One Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$121,642.00
$10,136.83/mo
Valuation Metrics
0
DSCR
6.76%
Cap Rate
6.76%
ROI
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