This property is Off-Market

242 DELAWARE RD
Kenmore, NY 14217 ·

20 Units · Multifamily For Sale

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THE DELAWARE APARTMENTS

Price N/A Gross Rent Multiplier 7.30
No. Units 20 Occupancy 95%
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

Description

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

Highlights

  • BRICK AND STUCCO EXTERIOR/GARDENSTYLE/FULL BASEMENTS
  • OWNER FINANCING
  • ALL TWO BEDROOMS/COIN LAUNDRY/STORAGE
  • OPEN AND COVERED PARKING
  • SEPERATE UTILITIES
  • VALUE ADDED OPPORTUNITY

Research

242 DELAWARE RD, Kenmore, NY 14217 (Erie County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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