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Park Place Apartments / Student Housing 70 Brigham Rd 84 Unit Apartment Building For Sale Fredonia, NY 14063



Investment Highlights
- 84 Suites / 252 Bedrooms are furnished.
- Development site on the south side of the property is ideal for expansion (2 additional buildings) or the addition of outdoor amenities.
- Complex built in 2005 on 6.6 acres.
- Currently undergoing an energy assessment in all seven (7) buildings that will result in new efficient lighting in apartments and common areas.
- 102,450 SF throughout seven (7) buildings, including a leasing office, mailroom and maintenance shop.
- 100% Sprinklered
Executive Summary
Luxury student housing complex within immediate proximity to the campus of SUNY Fredonia. This complex consists of (7) seven buildings totaling 84 individual suites. Each individual suite is a 3-bedroom, 1-bathroom unit and is approximately 1,150 sq. ft. Capacity to rent to 252 students. Plenty of parking for tenants and visitors, and within walking distance to the Village of Fredonia.
Property Facts
| Sale Type | Investment | Building Class | C |
| Sale Condition | High Vacancy Property | Lot Size | 6.60 AC |
| No. Units | 84 | Building Size | 102,450 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2005 |
| Apartment Style | Garden | Parking Ratio | 2.46/1,000 SF |
| Zoning | R3 - Multiple-Family Residential | ||
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 84 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 6.60 AC |
| Building Size | 102,450 SF |
| No. Stories | 3 |
| Year Built | 2005 |
| Parking Ratio | 2.46/1,000 SF |
| Zoning | R3 - Multiple-Family Residential |
Amenities
Unit Amenities
- Cable Ready
- Disposal
- Microwave
- Double Vanities
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Gas Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 84 | - | 1,150 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 065801-096-003-0001-014-000 | Improvements Assessment | $1,341,291 CAD |
| Land Assessment | $15,044 CAD | Total Assessment | $1,356,335 CAD |
Property Taxes
Parcel Number
065801-096-003-0001-014-000
Land Assessment
$15,044 CAD
Improvements Assessment
$1,341,291 CAD
Total Assessment
$1,356,335 CAD
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Park Place Apartments / Student Housing | 70 Brigham Rd
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