Virginia Apartments | 520 Virginia St
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Virginia Apartments 520 Virginia St
43 Unit Apartment Building $5,332,987 CAD ($124,023 CAD/Unit) 7.95% Cap Rate Buffalo, NY 14202
Investment Highlights
- A block from UB Medical campus as well as Oishei Children's hospital.
Executive Summary
PRICE REDUCED $200K to $3,750,000 Prime 43 unit consisting of 41 studio's and 2-1brm units located a block from UB Medical campus as well as Oishei Children's hospital, most recent improvements include : All new windows and entry doors ,foam roof 2-3 yrs. Installed a brand-new security system, multiple cameras inside and outside, installed FOB Key Access on the front door and garbage area gate entrance and have also converted the two side doors to crash bar emergency exit only doors with alarms, overhauled the boiler system (new main valves, new boiler sensor), re-painted the entire building, new carpet tiles at the front door entrance, at this point a large majority of the apartments have been updated or newly renovated. Sealed all of the exterior portion of chimneys to protect from leaks.
NDA must be completed prior to financial information to be released please contact Chris Greco 716-570-7600 chris@grecorealestate.com for more information.
NDA must be completed prior to financial information to be released please contact Chris Greco 716-570-7600 chris@grecorealestate.com for more information.
Property Facts Under Contract
| Price | $5,332,987 CAD | Apartment Style | Mid Rise |
| Price Per Unit | $124,023 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 7.95% | Building Size | 21,485 SF |
| No. Units | 43 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1935 |
| Property Subtype | Apartment | Parking Ratio | 0.27/1,000 SF |
| Price | $5,332,987 CAD |
| Price Per Unit | $124,023 CAD |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| No. Units | 43 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 21,485 SF |
| No. Stories | 4 |
| Year Built | 1935 |
| Parking Ratio | 0.27/1,000 SF |
Unit Amenities
- Cable Ready
- Dishwasher
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Carpet
Site Amenities
- Laundry Facilities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 23 | - | 300 - 350 |
| 1+1 | 20 | - | 450 - 600 |
Walk Score ®
Walker's Paradise (94)
Bike Score ®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 140200-111-220-0006-002-000 | Improvements Assessment | $2,200,329 CAD |
| Land Assessment | $68,918 CAD | Total Assessment | $2,269,247 CAD |
PROPERTY TAXES
Parcel Number
140200-111-220-0006-002-000
Land Assessment
$68,918 CAD
Improvements Assessment
$2,200,329 CAD
Total Assessment
$2,269,247 CAD
zoning
| Zoning Code | N-2R |
| N-2R |
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Virginia Apartments | 520 Virginia St
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