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East and West Road Apartments 1545 East and West Rd 20 Unit Apartment Building $3,585,218 CAD ($179,261 CAD/Unit) 6.17% Cap Rate West Seneca, NY 14224
INVESTMENT HIGHLIGHTS
- Suburban garden apartments with balconies and large parking lot
- Brick apartments in excellent condition, newer roofs and furnaces
- Residential neighborhood near Transit Road retail corridor
- All two-bedroom apartments
- Orchard Park School District
- Upside with apartment remodeling and increased income
EXECUTIVE SUMMARY
20 two-bedroom luxury apartments in two ten-unit brick buildings with parking on a 1.2-acre greenspace hilltop lot. The apartments include appliances, dishwashers, dining areas, good closet space, and balconies and patios on the upper two floors. The buildings are in excellent condition including newer roofs and furnaces. The heat and hot water are included in the rent, there are gas fired forced hot water boilers in each building, and parking is in a large lot next to the buildings. Additionally, there are large individual basement storage rooms and laundry machines in each building.
East and West Road near the intersection with Leydecker Road across from Sunshine Park in the town of West Seneca. Nearby is the Transit Road commercial corridor with shopping and entertainment. Orchard Park schools.
East and West Road near the intersection with Leydecker Road across from Sunshine Park in the town of West Seneca. Nearby is the Transit Road commercial corridor with shopping and entertainment. Orchard Park schools.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$351,710
|
$19.54
|
| Other Income |
$8,274
|
$0.46
|
| Vacancy Loss |
$17,585
|
$0.98
|
| Effective Gross Income |
$342,398
|
$19.02
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$121,318
|
$6.74
|
| Net Operating Income |
$221,080
|
$12.28
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $351,710 |
| Annual Per SF | $19.54 |
| Other Income (CAD) | |
|---|---|
| Annual | $8,274 |
| Annual Per SF | $0.46 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $17,585 |
| Annual Per SF | $0.98 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $342,398 |
| Annual Per SF | $19.02 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $121,318 |
| Annual Per SF | $6.74 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $221,080 |
| Annual Per SF | $12.28 |
PROPERTY FACTS Under Contract
| Price | $3,585,218 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $179,261 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.20 AC |
| Cap Rate | 6.17% | Building Size | 18,000 SF |
| No. Units | 20 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1970 |
| Zoning | 04 - FARM | ||
| Price | $3,585,218 CAD |
| Price Per Unit | $179,261 CAD |
| Sale Type | Investment |
| Cap Rate | 6.17% |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1970 |
| Zoning | 04 - FARM |
AMENITIES
UNIT AMENITIES
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 20 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 146800-144-160-0001-036-000 | Improvements Assessment | $484,937 CAD (2024) |
| Land Assessment | $101,669 CAD (2024) | Total Assessment | $586,606 CAD (2024) |
PROPERTY TAXES
Parcel Number
146800-144-160-0001-036-000
Land Assessment
$101,669 CAD (2024)
Improvements Assessment
$484,937 CAD (2024)
Total Assessment
$586,606 CAD (2024)
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Presented by
Brian Heine - Licensed Real Estate Broker
East and West Road Apartments | 1545 East and West Rd
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