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63 Montrose Ave
Buffalo, NY 14214
MONTROSE STUDENT HOUSING PACKAGE · Multifamily Property For Sale
·
15 Units
Investment Highlights
- LONG TIME OWNER- WELL MANAGED ASSETS
- EXCELLANT WALKING SCORES / COSE TO CAMPUS
- 100% OCCUPANCY-LEASES INPLACE-VALUE ADD OPPORTUNITY / LEASES JOINT AND SEVERAL
- MANAGMENT WILLING TO STAY ON WITH STAFF
Executive Summary
SUPER VALUE ADD 8 BUILDING PACKAE OF STUDENT HOUSING PROPERTIES.
ALL WALKING DOSTANCE TO UNIVERSITY AT BUFFALO MAIN ST. CAMPUS.
12 MONTH LEASES JOINT AND SEVERAL - 100% OCCUPIED, LEASE RENEWALS FOR 2026-27 STARTED
INPLACE NOI = $180,000 / 8.6% CAP RATE GOING IN.
CURRENT STAFFA AND MANAGEMENTWILLING TO STAY ON.
ALL WALKING DOSTANCE TO UNIVERSITY AT BUFFALO MAIN ST. CAMPUS.
12 MONTH LEASES JOINT AND SEVERAL - 100% OCCUPIED, LEASE RENEWALS FOR 2026-27 STARTED
INPLACE NOI = $180,000 / 8.6% CAP RATE GOING IN.
CURRENT STAFFA AND MANAGEMENTWILLING TO STAY ON.
Property Facts
| Price Per Unit | $191,759 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.57% | Lot Size | 0.08 AC |
| Gross Rent Multiplier | 5.7 | Building Size | 2,668 SF |
| No. Units | 15 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1920/2000 |
| Price Per Unit | $191,759 CAD |
| Sale Type | Investment |
| Cap Rate | 8.57% |
| Gross Rent Multiplier | 5.7 |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 2,668 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1920/2000 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 14 | $6,575 CAD | 2,200 - 2,600 |
| 5+2 | 1 | $3,424 CAD | 1,353 |
Property Taxes
| Parcel Number | 140200-079-380-0006-028-000 | Improvements Assessment | $276,681 CAD |
| Land Assessment | $28,764 CAD | Total Assessment | $305,445 CAD |
Property Taxes
Parcel Number
140200-079-380-0006-028-000
Land Assessment
$28,764 CAD
Improvements Assessment
$276,681 CAD
Total Assessment
$305,445 CAD
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