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3.8 Acres in Buffalo, NY - $6,000,000
An exceptional investment opportunity: this well-maintained, turnkey 70-unit, all-brick apartment complex with ample off street parking is ideally located on McKinley Parkway in South Buffalo close to Fredrick Law Olmsted Designed South Park & Buffalo's Botanical Gardens. This Property spans 3.8 acres across 23 buildings & features a desirable unit mix of 25 one-bedroom, 23 two-bedroom, and 22 townhouse-style apartments. All units offer separate utilities and heating systems, central air, and on-site parking. Ownership covers water and garbage. The complex currently generates $60,986 in gross monthly income and benefits from long-term tenants with rents below market, presenting strong upside potential. Each building includes a full basement with storage and individual laundry hookups (tenant-supplied washers and dryers).
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