34 Ryan St Buffalo, NY 14210
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 34 Ryan St
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a substantial portfolio encompassing 65 single-family rental properties strategically located throughout the Buffalo, NY region, including Lockport, Salamanca, North Tonawanda, Grand Island, Kenmore, Tonawanda, and Angola. The portfolio boasts a robust 94% occupancy rate, generating a substantial Net Operating Income (NOI) of $991,179, and a compelling 13.23% capitalization rate. The asking price for this turnkey portfolio is $7,491,700. Properties are zoned residential and are available for sale as a whole or individually. The portfolio's strong performance is underscored by its consistent rental income, with a current gross annual income exceeding $1,012,500. Detailed financial information, including the most recent rent roll, is available upon request. Note that property prices are based on a preliminary assessment and may be subject to adjustment following a full survey. Furthermore, properties currently undergoing rehabilitation have rental amounts subject to change. Finally, where applicable, village taxes are included in the county tax rate. This portfolio represents a rare opportunity to acquire a significant, high-performing rental asset in a growing market.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8103981
- Latitude
- 42.8575882