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Wildwood Acres 4973-5271 Tuscarora Rd 161 Unit Apartment Building $18,300,000 ($113,665/Unit) 6.72% Cap Rate Niagara Falls, NY 14304
Investment Highlights
- SUBURBAN LOCATIONS, STRONG OCCUPANCY, ALL MARKET RATE UNITS
- VALUE ADD MOMENTUM, TENANCY IS UTPACING HOMEOWNERSHIP IN THIS REGION
- STRONG TENAN PIPLINE, CLOSE TO ALL CONVIENIENCES
Executive Summary
WILDWOOD ACRES IS BEING OFFERED IN CONJUNCTION WITH 2 ADDITIONAL APARTMENT COMMUNITTIES IN NIAGARA COUNTY.
THE PACKAGE HAS A TOTAL OF 161 UNITS
UNITS ARE 1,2 AND 3-BEDROOM DESIGNS, AND FEATURE GARDEN AND TOWN HOME FLOOR PLANS.
THE OWNER SELF MANAGES THE PROPERTY'S, AND THEY WILL BE EXCHANGING INTO OTHER ASSESTS VIA A 1031 EXCHANGE.
ALL 3 PROPERTIES ENJOY STRONG OCCUPANCY AND ARE IN EXCELLANT RENTAL LOCATIONS.
THE COMMUNITIES ARE CLOSE TO SSHOPPING, COLLEGES, SCHOLLS AND UNIVERSITIES, PARKS AND RECREATION, PUBLIC TRANSPORTATION, AIRPORTS, THE CANADIAN BORDER CENTRAL BUSINESS DISTRICTS.
THE PACKAGE HAS A TOTAL OF 161 UNITS
UNITS ARE 1,2 AND 3-BEDROOM DESIGNS, AND FEATURE GARDEN AND TOWN HOME FLOOR PLANS.
THE OWNER SELF MANAGES THE PROPERTY'S, AND THEY WILL BE EXCHANGING INTO OTHER ASSESTS VIA A 1031 EXCHANGE.
ALL 3 PROPERTIES ENJOY STRONG OCCUPANCY AND ARE IN EXCELLANT RENTAL LOCATIONS.
THE COMMUNITIES ARE CLOSE TO SSHOPPING, COLLEGES, SCHOLLS AND UNIVERSITIES, PARKS AND RECREATION, PUBLIC TRANSPORTATION, AIRPORTS, THE CANADIAN BORDER CENTRAL BUSINESS DISTRICTS.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $18,300,000 | Apartment Style | Townhome |
| Price Per Unit | $113,665 | Building Class | C |
| Sale Type | Investment | Lot Size | 12.30 AC |
| Cap Rate | 6.72% | Building Size | 177,551 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 97% |
| Gross Rent Multiplier | 8.7 | No. Stories | 2 |
| No. Units | 161 | Year Built/Renovated | 1970/2000 |
| Property Type | Multifamily | Parking Ratio | 1.13/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | 02 | ||
| Price | $18,300,000 |
| Price Per Unit | $113,665 |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 8.7 |
| No. Units | 161 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 12.30 AC |
| Building Size | 177,551 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2000 |
| Parking Ratio | 1.13/1,000 SF |
| Zoning | 02 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Washer/Dryer
- Washer/Dryer Hookup
- High Speed Internet Access
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 55 | $1,063 | 850 - 1,000 |
| 3+1 | 82 | $1,175 | 1,144 - 1,150 |
| 1+1 | 24 | $850.00 | 725 |
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Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 293000-132-011-0010-025-000 | Improvements Assessment | $115,000 |
| Land Assessment | $0 | Total Assessment | $115,000 |
Property Taxes
Parcel Number
293000-132-011-0010-025-000
Land Assessment
$0
Improvements Assessment
$115,000
Total Assessment
$115,000
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Contact the Sale Advisor
Wildwood Acres | 4973-5271 Tuscarora Rd