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25 Winchester Pl 20 Unit Apartment Building $1,800,000 ($90,000/Unit) 6.77% Cap Rate Buffalo, NY 14217
Investment Highlights
- GREAT VILLAGE LOCATION
- NO PRIVATE FIANCING / SELLER COMPLETING 1031 EXCHANGE
- SEPERATE UTILITIES/OFFSTREET PARKING/LAUNDRY AND APPLIANCES
- CURRENT RENTS BELOW MARKET, ALL 2 BEDROOM UNITS
Executive Summary
ALL 2 BEDRROM UNITS.
UTILTIES SUB-METERED
OWNER PAYS WATER
LAUNDRY ONSITE, APPLIANCES IN KITCHENS.
KENMORE VILLAGE LOCATION
SELLER COORDINATING CLOSING WIT ANOTHER TRANASACTION FOR 1031 EXCHANGE.
UTILTIES SUB-METERED
OWNER PAYS WATER
LAUNDRY ONSITE, APPLIANCES IN KITCHENS.
KENMORE VILLAGE LOCATION
SELLER COORDINATING CLOSING WIT ANOTHER TRANASACTION FOR 1031 EXCHANGE.
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,800,000 | Apartment Style | Low-Rise |
| Price Per Unit | $90,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.34 AC |
| Cap Rate | 6.77% | Building Size | 22,740 SF |
| Gross Rent Multiplier | 7.8 | Average Occupancy | 100% |
| No. Units | 20 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2000 |
| Property Subtype | Apartment | Parking Ratio | 0.88/1,000 SF |
| Zoning | 04 - FARM | ||
| Price | $1,800,000 |
| Price Per Unit | $90,000 |
| Sale Type | Investment |
| Cap Rate | 6.77% |
| Gross Rent Multiplier | 7.8 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 22,740 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2000 |
| Parking Ratio | 0.88/1,000 SF |
| Zoning | 04 - FARM |
Amenities
Unit Amenities
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $925.00 | 850 |
1 1
Property Taxes
| Parcel Number | 146401-066-720-0002-040-000 | Total Assessment | $147,000 (2024) |
| Land Assessment | $37,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $110,000 (2024) | Tax Year | 2026 |
Property Taxes
Parcel Number
146401-066-720-0002-040-000
Land Assessment
$37,000 (2024)
Improvements Assessment
$110,000 (2024)
Total Assessment
$147,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
1 of 2
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25 Winchester Pl
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