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Investment Highlights

  • In-Place 7% Cap with Upside
  • 100% Occupied
  • No cap. ex. impending

Executive Summary

100% Occupied
11 2BD's
1 1BD
Owner has completed all of the following recently:
-New Shingle Roof
-Flat Roof Replacement
-Electrical Upgrades
-New Appliances
-Water booster pump
-New Furnace
-Common area updated
-Extensive Renovations to units

Property Facts

Price $1,480,000
Price Per Unit $123,333
Sale Type Investment
Cap Rate 7.01%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.13 AC
Building Size 10,040 SF
No. Stories 3
Year Built 1926
Zoning N-2R

Amenities

Unit Amenities

  • Cable Ready
  • Washer/Dryer
  • Heating
  • Kitchen
  • Hardwood Floors
  • Refrigerator
  • Oven
  • Range
  • Patio

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 1 - -
2+1 11 - -
Very walkable
80/100
Moderately drivable
60/100
Some public transit
50/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
140200-100-380-0004-053-000
Land Assessment
$70,200
Improvements Assessment
$884,800
Total Assessment
$955,000
  • Listing ID: 41331616

  • Date on Market: 7/17/2026

  • Last Updated:

  • Address: 247 W Utica St, Buffalo, NY 14222

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