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DHW APARTMENT GROUP 157 UNITS 286 Highland Pky 18 Unit Apartment Building $2,231,923 CAD ($123,996 CAD/Unit) 7.80% Cap Rate Tonawanda, NY 14223
INVESTMENT HIGHLIGHTS
- Exceptional Garden Style Apartment Complexe, close to everything.
- All units have full bath, kitchen appliances, onsite laundry and off street parking.
- Both metered AND sub-metered utilities.
- All market rate apartments currently at 98% occupancy
- all 2 bed 1 bath units
EXECUTIVE SUMMARY
Exclusively offered 18-unit apartment building.
located in Tonawanda NY
value add apartments.
Utilities are metered and sub-metered.
Units are all 2 Bedroom designs, with off street parking, coin laundry and storage available.
All four complexes are within five (5) minutes of each other. Please see attachments for current income in expenses.
located in Tonawanda NY
value add apartments.
Utilities are metered and sub-metered.
Units are all 2 Bedroom designs, with off street parking, coin laundry and storage available.
All four complexes are within five (5) minutes of each other. Please see attachments for current income in expenses.
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| 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 - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,231,923 CAD | Property Subtype | Apartment |
| Price Per Unit | $123,996 CAD | Apartment Style | Garden |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.80% | Lot Size | 2.55 AC |
| Sale Condition | 1031 Exchange | Building Size | 15,072 SF |
| Gross Rent Multiplier | 7.1 | Average Occupancy | 98% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1950/2000 |
| Price | $2,231,923 CAD |
| Price Per Unit | $123,996 CAD |
| Sale Type | Investment |
| Cap Rate | 7.80% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 7.1 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.55 AC |
| Building Size | 15,072 SF |
| Average Occupancy | 98% |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2000 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Recycling
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 18 | $1,268 CAD | 830 |
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PROPERTY TAXES
| Parcel Number | 146489-066-490-0003-019-000 | Total Assessment | $418,619 CAD (2024) |
| Land Assessment | $57,225 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $361,393 CAD (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
146489-066-490-0003-019-000
Land Assessment
$57,225 CAD (2024)
Improvements Assessment
$361,393 CAD (2024)
Total Assessment
$418,619 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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DHW APARTMENT GROUP 157 UNITS | 286 Highland Pky
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