SILVER LAKE APARTMENTS | 8235 Buffalo Ave
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SILVER LAKE APARTMENTS 8235 Buffalo Ave
60 Unit Block of Flats £4,225,230 (£70,421/Unit) 6.70% Net Initial Yield Niagara Falls, NY 14304
Investment Highlights
- STRONG RENTAL COMMUNITY, CLOSE TO EVERYTHING
- MASONARY AND STUCCO CONSTRUCTION, PARKLIKE SETTING
- CANADIAN BOARDER, BUFFAL CBD AND AIRPOSTS CLOSE BY!
- HEAT ANDWATER INCLUDED IN RENT, LAUNDRY AND STORAGE FACIITY ON SITE, OFF STREET PARKING
- SCHOOLS AND SHOPPING AND RECREATION NEAR BY, PUBLIC TRANSPORTATION,
- VALUE ADD OPPORTUNITY
Executive Summary
60 UNITS, 1 AND 2 BEEDROOM DESIGNS
LOCATED IN THE LASALE NEIGHBORHOOD OF NIAGARA FALLS, NY
STRONG TENANCY, EASILY ACCESSABLE LOCATION
HEAT AND WATER INCLUDED IN RENT
TENANTS PAY ELECTRIC
OPEN OFF-STREET PARKING, COIN LAUNDRY AND STORAGE PROVIDED
APPLAICES, TUB ANDSHOWER BATHS AND EAT IN KITCHENS
6 - TEN UNIT BUILDINGS, RESIDENTIAL COMMUNITY
EASY ACCESS TO PUPLIC TRANSPOSTATION
CLOSE TO SHOPPING, RECREATION, SCHOOLS AND ALL MAJOR THRUWAY ARTERIES
CLOSE TO AIRPOSTS, CANANDIAN BORDER AND BUFFALO CBD
LOCATED IN THE LASALE NEIGHBORHOOD OF NIAGARA FALLS, NY
STRONG TENANCY, EASILY ACCESSABLE LOCATION
HEAT AND WATER INCLUDED IN RENT
TENANTS PAY ELECTRIC
OPEN OFF-STREET PARKING, COIN LAUNDRY AND STORAGE PROVIDED
APPLAICES, TUB ANDSHOWER BATHS AND EAT IN KITCHENS
6 - TEN UNIT BUILDINGS, RESIDENTIAL COMMUNITY
EASY ACCESS TO PUPLIC TRANSPOSTATION
CLOSE TO SHOPPING, RECREATION, SCHOOLS AND ALL MAJOR THRUWAY ARTERIES
CLOSE TO AIRPOSTS, CANANDIAN BORDER AND BUFFALO CBD
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £4,225,230 | Apartment Style | Garden |
| Price Per Unit | £70,421 | Building Class | C |
| Sale Type | Investment | Lot Size | 2.04 AC |
| Net Initial Yield | 6.70% | Building Size | 66,153 SF |
| Gross Rent Multiplier | 8.4 | Average Occupancy | 97% |
| No. Units | 60 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Price | £4,225,230 |
| Price Per Unit | £70,421 |
| Sale Type | Investment |
| Net Initial Yield | 6.70% |
| Gross Rent Multiplier | 8.4 |
| No. Units | 60 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.04 AC |
| Building Size | 66,153 SF |
| Average Occupancy | 97% |
| Number of Floors | 3 |
| Year Built | 1956 |
| Parking Ratio | 1/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Storage Space
- Heating
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
- Basement
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 20 | £665.08 | 450 - 660 |
| 2+1 | 40 | £852.87 | 820 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | £602,213 (2023) | |
| Land Assessment | £53,285 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £548,928 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£53,285 (2023)
Improvements Assessment
£548,928 (2023)
Total Assessment
£602,213 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R3-A |
| R3-A |
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SILVER LAKE APARTMENTS | 8235 Buffalo Ave
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