45 Colonial Dr Springville, NY 14141
- Apartment buildings
Current Use by Public Records
- Apartment buildings
Property Details for 45 Colonial Dr
- Property type
- Apartment buildings
Description
This exceptional multifamily investment opportunity comprises five apartment buildings located at 5, 15, 25, 35, and 45 Colonial Drive in Springville, New York, 14141. The portfolio is offered at an asking price of $2,200,000, presenting a compelling pro-forma capitalization rate of 7.30%. The buildings generate a substantial pro-forma net operating income (NOI) of $160,517 annually. Situated in Erie County, this property offers a strong potential for return on investment. The precise unit breakdown for each building is not currently available, however, the combined portfolio presents a significant opportunity for a multifamily investor seeking a well-located, income-producing asset in a stable New York market. The property's location in Springville, NY provides convenient access to local amenities and services. Further details regarding the individual building characteristics and financial performance are available upon request. This is a rare opportunity to acquire a substantial multifamily portfolio in a desirable location with a proven track record of profitability. Serious inquiries only.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Springville
- County
- Erie
- State
- New York
- Longitude
- -78.6636
- Latitude
- 42.5134
