BUFFALO-NIAGARA MULTIFAMILY PORTFOLIO -157 UNITS
ERIE & NIAGARA COUNTY PORTFOLIO/ 6 GARDEN STYLE APARTMENT COMMUNITES -TOTAL -157 UNITS
Marketing description
THIS BUFFALO-NIAGARA PORTFOLIO IS COMPRISED OF 6 COMMUNITES, WITH A TOTAL OF 15 BUILDINGS, 157 RENTAL UNITS!
LOCATED IN ERIE & NIAGARA COUNTIES. THE PROPERTIE ARE SELF MANAGED, ALL WITHIN 20-25 MIN. OF EACH OTHER.
THE MAKEUP OF THE UNITS ARE 1 AND 2 BEDROOMS WITH SINGLE FULL BATHROOMS. THERE ARE VARIED FLOOR PLANS.
THERE IS A COMBINATION OF COMMON AND SUB-METERED UTITLTIES.
CURRENT OWNERSHIP WILL BE LOOKING TO COMPLETE A 1031 EXCHANGE.
AT THIS TIME, THE PROPERTIES WILL BE SOLD AS ONE ENTITY, AND CANNOT BE SOLD SEPERATELY.
APPLIANCES, OFF STREET PARKING, GARAGES, LAUNDRY AND STORAGE ARE OFFERED.
SEVERAL PROPERTIES ARE “PET FREINDLY!
TENANCY IS MARKET RATE WITH A SMALL PERCENTAGE OF TENANTS ON RENTAL ASSISTANCE.
ALL ASSETS ARE LOCCATED IN SOLID RESIDENTIAL NEIGHBORHOODS, WITH EASY ACCESS TO BUSINESS DISTRICTS, SCHOOLS, PARKS AND RECREATION ALONG WITH RETAIL HUBS AND MAJOR ROADWAYS WITH PUBLIC TRANSPORTATION NEARBY.
CURRENT RENTS ARE AT APPROX. 90% OF THE TARGETED MARKET RATE RENTS.
SOME CAP EX. PROJECTS HAVE BEEN ADMINISTERED BY THE CURRENT OWNERSHIP.
NO PRIVATE FINANCING AVAILABLE.
NO UNACCOMPANIED VISITS PLEASE
Investment highlights
STRONG RENTAL MARKETS
98% OCCUPANCY
KENTON-BUFFALO-NIAGARA -NIAGARA FALLS LOCATIONS
CENTRAL AND COMMON HEATING
ELECTRIC IS SUB-METERED, WATER PAID BY LANDLORD
HEAT IS NATURAL GAS, BOTH METERED AND SUB-METERED
ANNUAL LEASES & MONTH TO MONTH TENANCY
MAINT. FREE EXTERIORS
FLAT & PITCHED ROOFS
KITCHEN APPLIANCES INCLUDED
COMMON LAUNDRY - CONVEYS
VALUE-ADD OPPORTUNITY THRU RENT ADJUSTMENTS
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