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2388 William St 4 Unit Apartment Building $235,000 ($58,750/Unit) 7.18% Cap Rate Buffalo, NY 14206
Executive Summary
Four units, with coin laundry and parking for tenants, are fully rented! Roof total tear off 2019!
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$31,200
|
$7.70
|
| Other Income |
$2,600
|
$0.64
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$33,800
|
$8.34
|
| Taxes |
$4,601
|
$1.14
|
| Operating Expenses |
$10,594
|
$2.61
|
| Total Expenses |
$15,195
|
$3.75
|
| Net Operating Income |
$18,605
|
$4.59
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $31,200 |
| Annual Per SF | $7.70 |
| Other Income | |
|---|---|
| Annual | $2,600 |
| Annual Per SF | $0.64 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $33,800 |
| Annual Per SF | $8.34 |
| Taxes | |
|---|---|
| Annual | $4,601 |
| Annual Per SF | $1.14 |
| Operating Expenses | |
|---|---|
| Annual | $10,594 |
| Annual Per SF | $2.61 |
| Total Expenses | |
|---|---|
| Annual | $15,195 |
| Annual Per SF | $3.75 |
| Net Operating Income | |
|---|---|
| Annual | $18,605 |
| Annual Per SF | $4.59 |
Property Facts Under Contract
| Price | $235,000 | Building Class | C |
| Price Per Unit | $58,750 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 4,052 SF |
| Cap Rate | 7.18% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1951/1990 |
| Property Subtype | Apartment | Parking Ratio | 0.5/1,000 SF |
| Price | $235,000 |
| Price Per Unit | $58,750 |
| Sale Type | Investment |
| Cap Rate | 7.18% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 4,052 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1951/1990 |
| Parking Ratio | 0.5/1,000 SF |
Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | $600.00 | - |
| 1+1 | 2 | $650.00 | - |
| 2+1 | 3 | $650.00 | - |
| 2+1 | 4 | $700.00 | - |
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Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 143089-113-540-0006-010-000 | Total Assessment | $100,000 |
| Land Assessment | $18,400 | Annual Taxes | $4,601 ($1.14/SF) |
| Improvements Assessment | $81,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
143089-113-540-0006-010-000
Land Assessment
$18,400
Improvements Assessment
$81,600
Total Assessment
$100,000
Annual Taxes
$4,601 ($1.14/SF)
Tax Year
2025
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Contact the Sale Advisor
2388 William St