372 Winspear Avenue Buffalo NY 14215 MLS #B1409312

14 unit all brick apartment building with terracotta roof, one of the most beautiful and durable roofing options, located across the street from University of Buffalo South campus and the VA (veterans) hospital, two huge drivers for tenancies. The building features 8 parking spots, and is well manicured and maintained. The building consists of (2) studio apartments, (6) two bed. apartments, and (6) one bed. apartments for an easier property management experience. The basement is under the entire building with limestone walls, steel beams and 10′ ceilings and features a common laundry area with 2 sets of coin operated laundry machines. An add value component to this property is building out tenant storage lockers in the basement and/or other tenant amenities that’s extremely possible in this space. The potential gross income (as is): $143,200, total property taxes (annually): $7,146.16, total utility expenses (gas, electric, water last 12mo): $14,315.90. Most of the tenants are on a month/month arrangements and rents can be reset to more market rate amounts. Lastly the onsite manager is willing to stay on post closing to make this a smooth acquisition.