31 Tamarack StBuffalo, NY 14220

This stunning 32-unit apartment building, located at 31 Tamarack St in Buffalo, NY, presents a unique investment opportunity. Originally constructed in 1926 and extensively renovated in 2016, this Class A property boasts 53,390 square feet and offers a compelling 7.50% cap rate. The building, a converted historic schoolhouse, features spacious loft apartments with 12-foot ceilings and large windows, maximizing natural light. Each unit includes high-efficiency central air conditioning and heating, energy-rated appliances, and an in-unit washer and dryer. Many original historic features, such as hardwood floors, slate blackboards, and original doors and hardware, have been meticulously preserved and restored. On-site parking is also available. With a price of $3,500,000 ($109,375 per unit and $65.56 per square foot), this property offers a blend of historical character and modern amenities in a desirable South Buffalo location, presenting significant potential for future growth and strong rental income. The property is situated in Erie County, NY, zip code 14220.