The Alexander Buffalo
17 Unit Apartment Building | $2,600,000 ($152,941/Unit) | 6.50% Cap Rate | Buffalo, NY 14222
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $2,600,000
- Property Type
-
Multifamily
- Square Feet
- 13,600 SF
Listing Contacts
Megan Saddleson
Verified Profile
- Property Info
Property Overview
This enchanting, 17-unit property is located in the Elmwood Village, walking distance to Allentown, Bidwell Park, the 5-points neighborhood, and more.
The building has been extensively updated over the course of the last six years, starting with the renovation of all 17 apartment units, and, most recently, replacing the intricate roof. It is turnkey and will on require basic maintenance for many years.
All of the 17 units have new bathrooms and kitchens and have been meticulously executed. All units feature new finishes throughout. The building’s electric, plumbing and boilers have all been updated (with instant hot water, and steam heat). The common areas have been enhanced with fine detail and there is a lovely enclosed courtyard area, which serves as a shared outdoor space. There is a designated on-site laundry room with coin-operated machines as well.
There are thirteen (13) 1-bedroom units, one studio apartment and four (4) 2-bedroom units, the building is perfect for tenants looking for affordable, compact, but upscale living accommodations in one of the most desired areas in the City.
All apartments are currently leased
Please contact Megan Saddleson to schedule a showing 716-913-4724.
https://www.thealexanderbuffalo.com
The building has been extensively updated over the course of the last six years, starting with the renovation of all 17 apartment units, and, most recently, replacing the intricate roof. It is turnkey and will on require basic maintenance for many years.
All of the 17 units have new bathrooms and kitchens and have been meticulously executed. All units feature new finishes throughout. The building’s electric, plumbing and boilers have all been updated (with instant hot water, and steam heat). The common areas have been enhanced with fine detail and there is a lovely enclosed courtyard area, which serves as a shared outdoor space. There is a designated on-site laundry room with coin-operated machines as well.
There are thirteen (13) 1-bedroom units, one studio apartment and four (4) 2-bedroom units, the building is perfect for tenants looking for affordable, compact, but upscale living accommodations in one of the most desired areas in the City.
All apartments are currently leased
Please contact Megan Saddleson to schedule a showing 716-913-4724.
https://www.thealexanderbuffalo.com
Property Details
- Class
- C
- Year Built/Renovated
- 1900/2018
- Stories
- 4
- Lot Size (sq. ft)
- 9,583 SF
- Units
- 17
Highlights
- 17 units within walking distance to Allentown
- Numerous upgrades and renovations done including a full roof replacement
- 100% Occupancy Rate
- New Bathrooms
- New Kitchens
- Updated electric, boilers, and plumbing
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