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97 Linwood Ave Buffalo, NY 14209

Sponsored
For Sale
$1,100,000

12-Unit Multifamily Value-Add Opportunity

Property size:
10,969 SF

Description

Added:
Dec 11, 2024
Days on Market:
407
This 12-unit apartment building, located at 97 Linwood Ave, Buffalo, NY 14209, presents a compelling value-add investment opportunity. The property, a three-story building constructed in 1900 and renovated in 1990, offers 9,000 square feet of net rentable space within a 10,969 square foot building situated on an 11,593 square foot lot (APN: 100-630-0001-004-100). Currently boasting 80% occupancy, the building generates a NOI of $80,000, with a pro-forma NOI projected at $90,000, resulting in a 7.30% current cap rate and a pro-forma cap rate of 8.30%. The asking price is $1,100,000, translating to $91,667 per unit. The twelve units are a mix of studios and one-bedroom apartments, featuring newer appliances and bathrooms with tub/shower combinations or showers. Tenant amenities include coin-operated laundry in the basement. Landlords pay for electricity and water

Property Features for 97 Linwood Ave

General Information

Property type
Multifamily properties
Square Feet
10,969 SF
Class
B

Building Details

Year Built/Renovated
1900/1990
Buildings
1
Stories
3
Units
12

We can help!

Listing Contact
Michael  F. Battaglia CCIM
Michael F. Battaglia CCIM

Learn more

Property Insight Report

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Buffalo
County
Erie
State
New York
Longitude
-78.869791567759
Latitude
42.904657284878

FAQs

What type of property is this?
Multifamily property - 12-Unit Multifamily Value-Add Opportunity
Where is this multifamily property located?
The property is located at 97 Linwood Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $1,100,000.
More about this property
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