84 Mariner StBuffalo, NY 14201

For Sale
$1,017,000

8-unit apartment building, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
92
This exceptional value-add opportunity presents an eight-unit apartment building located at 84 Mariner Street in Buffalo, New York's vibrant Allentown neighborhood. The property boasts 11,872 square feet across four stories in a single building. Currently, it offers a 13% cap rate with a pro-forma cap rate of 17.5% and a pro-forma NOI of $178,000. The asking price is $1,017,000, translating to a price per unit of $127,125. This presents a significant opportunity for investors seeking to increase profitability through renovations and repositioning. The property's location within the thriving Allentown area provides easy access to Buffalo's downtown core and major attractions, ensuring strong rental demand. This is a Class B multifamily investment, ideal for those seeking to capitalize on Buffalo's ongoing growth. The property's current condition offers substantial potential for value enhancement, making it an attractive investment for experienced real estate investors. Detailed financial projections and further information are available upon request. This is a for-sale-by-owner property.

Property Details for 84 Mariner St

Property type
Multifamily properties, Apartment buildings
Class
B
Buildings
1
Stories
4
Units
8

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.899178424688
Longitude
-78.877993996968
84 Mariner St, Buffalo, New York

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84 Mariner St
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