For Sale
$7,491,700

34 Ryan StBuffalo, NY 14210

65+ Properties, High NOI, Strong Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
99
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.

Highlights

  • 78-unit multifamily portfolio.
  • $84,375 monthly gross income, totaling $1,012,500 annually.
  • Annual operating expenses of $21,321.
  • Attractive 11.24% capitalization rate.
  • Net operating income (NOI) of $991,179.
  • Offered at $8,817,700.

Property Details for 34 Ryan St

Property type
Multifamily properties, Residential income homes
Buildings
65

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.8575882
Longitude
-78.8103981
34 Ryan St, Buffalo, New York

FAQs

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34 Ryan St
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