1067 Grant Street At Military Road, Buffalo, NY

27 Apartments within walking distance of Buffalo State College

 Lot Size                        96 x 85

Building Size:                24,400 sq. ft.

 Features:

• Rehabbed in 1991
• New Windows, Kitchens, Baths
• Separate electric service
• Individual FHA furnaces and water heaters
• New apartments were built in first floor commercial space
• Newer roof

14 one bedrooms, 11 two bedrooms and 2 three bedrooms

INCOME & EXPENSE Statement

Income:              $138,180

Expenses:

Real Estate Taxes      $11,182

Insurance                    $  4,690

Utilities                         $  2,036

Water                          $  5,765

Dumpster                    $  1,908

Maintenance 5%          $  6,909

Vacancy 5%                 $  6,909

Management 5%          $  6,909

 Total Expenses                         $46,308

NOI                                             $91,872

SalePrice:                    $895,000

Capitalization Rate:       10.26%