242 DELAWARE RD
Kenmore, NY 14217 ·
20 Units · Multifamily For Sale
THE DELAWARE APARTMENTS
|Price||N/A||Gross Rent Multiplier||7.30|
|Building Size||13,740 SF||No. Stories||2|
|Property Type||Multifamily||Year Built||1927|
|Property Sub-type||Garden/Low-Rise||Lot Size||26,983 SF|
|Property Use Type||Investment||APN / Parcel ID||66-710-1-16|
|Cap Rate||7%||Parking Ratio||1 / 1,000 SF|
|Listing ID: 18124327||Date Created: 04/14/2013||Last Updated: 10/16/2013|
Located in a convenient region of the Village of Kenmore, New York, between Delaware Rd. and Delaware Ave. The complex is comprised of 20 units with two bedrooms each. All units are garden style and above grade.
Units feature common laundry, hard wood floors and carpeting, with front and rear entrances.
All units are equipped with their own individual heating systems and separate electric. Landlord pays water. All units feature 1 full bath.
Easy access to down town Buffalo, shopping, schools, recreation and park areas. Kenton School district.
The property is constructed of brick veneer and stucco. Each front entrance services 4 units, full basements and coin laundry.
There is open parking plus 11 garages.
Established community, stable units, long time owner
Mechanicals, roofs in good condition
Owner financing! contact realtor for details
Current rents are below market, strong upside
Owner pays gas for laundry only
Trash is included in taxes
Snow & lawn expense estimated
CONVIENIENT REGION OF THE VILLAGE OF KENMORE, NY, FIRST TIER SUBURB, 15MIN. TO DOWN TOWN BUFFALO, CLOSE TO ALL MAJOR ROADWAYS, SCHOOLS, SHOPPING AND RECREACTION. QUAINT VILLAGE ATMOSPHERE, WALK TO SHOPS AND BUSLINE.
CONTACT REALTOR FOR OFFERING MEMORANDUM AND ADDITIONAL FIANCIAL DATA
- BRICK AND STUCCO EXTERIOR/GARDENSTYLE/FULL BASEMENTS
- OWNER FINANCING
- ALL TWO BEDROOMS/COIN LAUNDRY/STORAGE
- OPEN AND COVERED PARKING
- SEPERATE UTILITIES
- VALUE ADDED OPPORTUNITY
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