101482 Home Sfr Buffalo Ny Buffalo, NY 14210

This exceptional investment opportunity presents a portfolio of 78 single-family rental homes in Buffalo, NY, totaling 113,709 square feet across 290,110 square feet of land. The portfolio comprises 56 single-family detached homes and 11 duplexes (22 units), offering a diverse mix of 10 two-bedroom, 39 three-bedroom, 18 four-bedroom, and 11 five-bedroom units. Currently boasting 100% occupancy, the portfolio generates a substantial NOI of $683,167, representing a 9.11% cap rate. Pro-forma projections indicate a potential NOI of $847,409 and an 11.30% cap rate. The homes, built between 1895 and 1944, average 1,458 square feet and range in size from 772 to 2,589 square feet. Significant improvements have been made to maintain high occupancy, including roof, HVAC, electrical, plumbing, flooring, and water heater upgrades. Twenty-one units are occupied by Section 8 tenants, providing stable, guaranteed income. The average unit price is $96,154, representing a 30% discount compared to the median home price in Buffalo. The portfolio benefits from Buffalo's strong rental market, where 58.6% of the population rents, and current rents are projected to see modest annual growth. This is a fee-simple ownership opportunity with significant upside potential. The asking price for the entire portfolio is $7,500,000.