12 Unit Brick

Apartment Building Near Medical Corridor

97 Linwood Avenue Northeast Corner Summer Street Buffalo, NY

Lot Size: 81 x 142

Building Size: 8575 sq. ft.

 Features:

• Off street parking

• New camera control alarm system

• New Gas Furnaces 5 years ago

• Fully equipped workout room in basement

• Office space in basement

• New hot water tanks

• New fuse boxes and electrical service

• Basement walls and floors have been sealed

*Dish TV

97 Linwood Avenue Buffalo NY

 Income & Expense

 Income:

 Annual Rental income           $ 85,092.

Laundry                                 $   2,700

Dish TV                               $  2,040

Parking                               $  1,200

Total Income                                                  $91,032.

Expenses:

Real Estate Taxes                $14,760

Electric                                   $  7,032

Insurance                                $  3,000

Gas                                         $  1,788  

Water                                  $ 2,760

Garbage                             $     984

Vacancy 5%                          $  4,552

Repair & Maintenance         $  4,552

Management                         $  4,552

Total expenses                                                          $37,446

NOI                                                                              $47,052.

SalePrice: $ 550,000

Capitalization Rate: 8.55%