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Key Details
Sold Price $6,050,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 81,039 sqft
Price per Sqft $74
MLS Listing ID B1659752
Sold Date 09/29/26
Bedrooms 70
Construction Status Existing
HOA Y/N No
Year Built 1951
Annual Tax Amount $81,264
Lot Size 3.800 Acres
Acres 3.8
Lot Dimensions 325X509
Property Sub-Type Other
Property Description
An exceptional investment opportunity: this well-maintained, turnkey 70-unit, all-brick apartment complex
with ample off street parking is ideally located on McKinley Parkway in South Buffalo close to Frederick Law Olmsted Designed South Park & Buffalo's Botanical Gardens. This Property spans 3.8 acres across 23 buildings & features a desirable unit mix of 25 one-bedroom, 23 two-bedroom, and 22 townhouse-style apartments. All units offer separate utilities and heating systems, central air, and on-site parking. Ownership covers water and garbage. The complex currently generates $60,986 in gross monthly income and benefits from long-term tenants with rents below market, presenting strong upside potential. Each building includes a full basement with storage and individual laundry hookups (tenant-supplied washers and dryers).
Location
State NY
County Erie
Area Buffalo City-140200
Direction Mckinley Pkwy to Latona Ct.
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s), Other, See Remarks
Heating Gas, Forced Air
Cooling Central Air
Flooring Carpet, Laminate, Other, See Remarks, Varies
Fireplace No
Appliance Gas Cooktop, Gas Water Heater, Refrigerator
Laundry Washer Hookup
Exterior
Exterior Feature Blacktop Driveway
Community Features Other, See Remarks
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Irregular Lot, Near Public Transit, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-133-800-0002-035-000
Acceptable Financing Cash
Listing Terms Cash
Financing Other,See Remarks
Special Listing Condition Standard
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Bought with HUNT Real Estate ERA
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