90 Units - Kaneb Apartments
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90 Units - Kaneb Apartments
2 Residential Properties Offered at £7,049,700 in Massena, NY
Investment Highlights
- Numerous CapEx recent improvements
- All electric with utilities directly metered to tenants
- 8 garages provide additional income
- Washer/dryers included in most units
- Kitchens include dishwashers, garbage disposals, microwaves in most units
- Two gyms free to tenants
Executive Summary
90 unit Kaneb Apartment, Massena NY. 81 units traditional apartments and nine are Airbnb. The unit are located in 12 buildings, all located within 1/4 mile of each other. Mutiple Cap Ex investments have been made into the properties in recent years, including: new roofs, new kitchens, siding, and floorings. Family owned and developed. Units are all electric with tenants directly metered.
S E E O F F E R I N G M E M O R A N D U M for D E T A I L S
S E E O F F E R I N G M E M O R A N D U M for D E T A I L S
Data Room Click Here to Access
- Offering Memorandum
Taxes & Operating Expenses (Actual - 2023) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | £7,049,700 | Number of Properties | 2 |
| Price / SF | £46.89 / SF | Individually For Sale | 0 |
| Net Initial Yield | 6.87% | Total Building Size | 150,361 SF |
| Sale Type | Investment | Total Land Area | 124.72 AC |
| Status | Active |
| Price | £7,049,700 |
| Price / SF | £46.89 / SF |
| Net Initial Yield | 6.87% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 150,361 SF |
| Total Land Area | 124.72 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2 Elizabeth Ave, Massena, NY 13662 | Residential | 30,000 SF | 2006 | - |
| 445 Leslie Rd, Massena, NY 13662 | Residential | 120,361 SF | - | - |
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90 Units - Kaneb Apartments
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