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97 Linwood Ave 12 Unit Apartment Building $975,000 ($81,250/Unit) 8.21% Cap Rate Buffalo, NY 14209
INVESTMENT HIGHLIGHTS
- MEDICAL CORRIDAOR LOCATION, BUS LINE, ESY ACCESS TO EVERYTHING AND BUFFALO CBD
- OWNER CURRENTLY LIVES ON SITE IN ONE OF THE STUDIOS
- POSSIBLE 13TH UNIT IN GARDEN LEVEL
- WELL MAINTAINED BUILDING, NEEDS SOME COSMETICS
- APPLIANCES, LAUNDRY AND POTENTIAL STORAGE IN BASEMENT
- SOME OFF STREE PARKING
EXECUTIVE SUMMARY
DESTINCTIVE LINWOOD MANSION -FEATURING 12 APARTMENTS SSTUDIOS AND 1BEDROOM DESIGNS. SOME OFF STREET PARKING AVAILABLE. 3 LEVELS, 4 UNITS ON EACH LEVEL, PLUS FINISHED BASEMENT WITH POSSIBLE 13TH “GARDEN LEVEL” UNIT.
LANDLORD PAYS ELECTRIC AND WATER, TENANTS PAY HEAT. ALL NEWER APPLIANCES, BATHS WITH TUB AND SHOWERS AND SOME WITH JUST SHOWERS.
THERE IS COIN LAUNDRY IN THE BASEMENT.
UNITS ARE UNIT IN STYLE AND LAYOUT.
CLOSE TO BUS LINE, BUFFALO CBD, BUFFALO MEDICAL CORRIDOR AND THE CANADIAN BOARDER.
LANDLORD PAYS ELECTRIC AND WATER, TENANTS PAY HEAT. ALL NEWER APPLIANCES, BATHS WITH TUB AND SHOWERS AND SOME WITH JUST SHOWERS.
THERE IS COIN LAUNDRY IN THE BASEMENT.
UNITS ARE UNIT IN STYLE AND LAYOUT.
CLOSE TO BUS LINE, BUFFALO CBD, BUFFALO MEDICAL CORRIDOR AND THE CANADIAN BOARDER.
FINANCIAL SUMMARY (PRO FORMA - 2025) 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 - 2025) 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 | $975,000 | Building Class | C |
| Price Per Unit | $81,250 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 8,575 SF |
| Cap Rate | 8.21% | Average Occupancy | 80% |
| No. Units | 12 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1900/1990 |
| Property Subtype | Apartment | Parking Ratio | 1.05/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | N-2R | ||
| Price | $975,000 |
| Price Per Unit | $81,250 |
| Sale Type | Investment |
| Cap Rate | 8.21% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 8,575 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built/Renovated | 1900/1990 |
| Parking Ratio | 1.05/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | N-2R |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Ceiling Fans
- Hardwood Floors
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 9 | $975.00 | 800 - 900 |
| Studios | 3 | $942.50 | 600 - 650 |
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Number | 140200-100-630-0001-004-100 | Total Assessment | $825,000 (2024) |
| Land Assessment | $107,200 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $717,800 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
140200-100-630-0001-004-100
Land Assessment
$107,200 (2024)
Improvements Assessment
$717,800 (2024)
Total Assessment
$825,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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