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575-587 Starin Ave
Buffalo, NY 14216
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Corner Lot
- Off-Street Parking
- Fully Occupied
Executive Summary
Excellent investment opportunity in highly desirable North Buffalo! Situated on a prominent corner lot at the intersection of Starin and St. Lawrence, 575 Starin Ave is a well positioned 16 unit apartment complex consisting of four buildings, offering an attractive opportunity in one of Buffalo’s most stable and sought after rental markets. All 16 apartments are spacious two bedroom units, each featuring a functional layout with a kitchen, living room, two bedrooms, full bathroom, and ample closet and storage space. Each unit has separate heating and electric utilities, while the landlord supplies hot water. Every apartment is also equipped with its own separate laundry hookup system and secured storage, providing added convenience. The property offers 16 on site parking spaces, with one dedicated space for each apartment, along with plenty of outdoor space located behind the buildings for tenants to enjoy. With its desirable North Buffalo location, strong unit configuration, individual utilities, on site parking, and tenant amenities, 575 Starin Avenue presents an excellent opportunity to acquire a 16 unit multifamily asset with the potential for an attractive return on investment.
Property Facts
| Price Per Unit | $112,438 | Lot Size | 0.42 AC |
| Sale Type | Investment | Building Size | 21,910 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1950 |
| Apartment Style | Garden | Parking Ratio | 0.73/1,000 SF |
| Building Class | C | ||
| Zoning | N-3R | ||
| Price Per Unit | $112,438 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.42 AC |
| Building Size | 21,910 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 0.73/1,000 SF |
| Zoning | N-3R |
Amenities
Unit Amenities
- Storage Space
- Basement
- Breakfast Nook
- Family Room
Site Amenities
- Laundry Facilities
- Picnic Area
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 16 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $885,900 | |
| Land Assessment | $578,100 | Total Assessment | $1,464,000 |
Property Taxes
Parcel Numbers
Land Assessment
$578,100
Improvements Assessment
$885,900
Total Assessment
$1,464,000
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