97 Linwood AveBuffalo, NY 14209

For Sale
$1,100,000

12-Unit Multifamily Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
This 12-unit apartment building, located at 97 Linwood Ave, Buffalo, NY 14209, presents a compelling value-add investment opportunity. The property, a three-story building constructed in 1900 and renovated in 1990, offers 9,000 square feet of net rentable space within a 10,969 square foot building situated on an 11,593 square foot lot (APN: 100-630-0001-004-100). Currently boasting 80% occupancy, the building generates a NOI of $80,000, with a pro-forma NOI projected at $90,000, resulting in a 7.30% current cap rate and a pro-forma cap rate of 8.30%. The asking price is $1,100,000, translating to $91,667 per unit. The twelve units are a mix of studios and one-bedroom apartments, featuring newer appliances and bathrooms with tub/shower combinations or showers. Tenant amenities include coin-operated laundry in the basement. Landlords pay for electricity and water

Property Details for 97 Linwood Ave

Property type
Multifamily properties, Apartment buildings
Square Feet
10,969 SF
Class
B
Year Built/Renovated
1900/1990
Buildings
1
Stories
3
Units
12

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.904657284878
Longitude
-78.869791567759
97 Linwood Ave, Buffalo, New York

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97 Linwood Ave
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