Listed by Chubb Aubrey Leonard Real Estate
$3,690,000
Buffalo Multifamily Portfolio
Details
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 31,194
Units 40
Cap Rate 8.5%
NOI $313,632
Occupancy 93%
Tenancy Multi
Class B
Year Built 1886
Year Renovated 2023
Buildings 4
Parking Spaces 8 spaces
Parking per 1,000 SqFt 0.26
Investment Type Value Add
Ground Lease No
40 Unit Multi-family Value Add Portfolio
Marketing description
This offering presents a rare opportunity to acquire a stabilized and value-add multifamily portfolio consisting of four renovated assets totaling 40 units in high-demand Buffalo submarkets. The portfolio includes 39 residential units and one commercial unit with a mix of studio, one-bedroom, and two-bedroom apartments. Extensive interior and exterior renovations were completed between 2023-2026, positioning the portfolio for continued rent growth, operational efficiencies, and long-term appreciation.
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Investment highlights
- 40 total units across 4 strategically located Buffalo assets
- Recently renovated properties with strong in-place cash flow
- Value-add upside through market-rate rent growth
- Located near Elmwood Village, Midtown Corridor, and Medical Campus
- Diversified unit mix of studios, one-bedrooms, and two-bedrooms
- Strong tenant demand with attractive neighborhood amenities
Listing Contacts
Listed by Chubb Aubrey Leonard Real Estate
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$313,632.00
$26,136.00/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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