97 Linwood Ave Buffalo, NY 14209
- Commercial real estate
- 10,969 SF
Current Use by Public Records
- Commercial real estate
Property Details for 97 Linwood Ave
- Year built
- 1900
- Property size
- 10,969 SF
- Property type
- Commercial real estate
- APN
- 100-630-0001-004-100
Description
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
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.869791567759
- Latitude
- 42.904657284878