Allentown Mixed Use 30 Unit Investment Property

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23 Allen Street (N/E/C N. Pearl Street) Buffalo New York

A brick and concrete mixed use building with 22 studio apartments, 6 one bedroom apartments and 2 storefronts in the Historic Allentown District with dense population, new restaurants and boutique retailers.

Features:

  • Top floor is unfinished and unoccupied (11 units). Estimated cost to finish is $75,000+/-
  • Four new Dunkirk high efficiency condensing gas hot water boilers create low gas bills
  • All apartments have A/C
  • All apartments were fitted with new appliances and kitchen cabinets.
  • All closets have been redone.
  • All bathrooms have new fixtures, toilets, sinks and exhaust fans
  • All new plumbing through out
  • All new electric and separate meters.
  • Hot water system has been updated with a new retaining tank.

Cap Rate 7.4%

  • Address: Buffalo, New York 
  • Price: $2,500,000 
  • Done Deal: No