1935 Hertel Avenue, Buffalo, NY 14214

Please note this unit has just finished basic renovations we have been doing that as they come vacant, not too much work needed in the other units but basic floors, paints and fixtures could use a refresh. However leases are in place for 4 out of the 8 at 1290 and the tenant is not affordable housing but it is an agency , they help with some maintenance things for the 4 units . some units dont make sense to renovate as the tenants still playing very close to market rent and most of the units are in very good shape. just a little dated.

Please note that the unit has been left vacant to show prospective buyers , since the other 7 tenants are living there and unaware of building be sold at this time i will try to only disturb tenants with serious interest and proof of funds or financing letter. Unit can and will be leased out or left vacant based on what the purchaser wants.

The building features an excellent unit mix of 8 spacious 2-bedroom apartments. Recent capital expenditures include two newly installed boilers and fully renovated common area hallways. Two of the units have already undergone comprehensive, top-tier renovations, proving the upper limits of the rent roll.

• Immediate Strong Yield: Generates a robust $95,960 NOI, delivering an actual 7.11% Cap Rate at the $1.35M asking price.
• Favorable Unit Mix: Consists entirely of highly desirable 2-bedroom units, ensuring stable, long-term tenancy and lower turnover costs.
• Significant CapEx Completed: Includes 2 brand new boilers, freshly updated hallways, and two fully renovated, turnkey apartments.
• Immediate Value-Add Upside: One currently vacant unit offers the immediate opportunity to lease up at the market rate (projected at $1,350/month), instantly pushing the building's gross income and yield higher upon acquisition.
• A+ Location: Located directly on the Hertel Avenue strip, offering tenants premium walkability to North Buffalo's best dining, retail, and entertainment.