About 433 Linwood
All brick 8 unit built in 1991 is situated on a private lot and set back from the road. Situated amongst beautiful single family homes. There are 4 buildings total and the units are uppers/lowers. (4) 2 bedroom units and (4) 1 bedroom units. (7) garages and all units have laundry rooms. This property has a town home feel. The apartments are approx. 1,000 sq ft each and rents could be much higher. The current CAP rate is 5.3% with one vacant unit and the others with low rents. Current rent roll is $8,375 with 7 of the 8 apartments. Rents are 950, 1125, 1350, 0, 1250, 1550, 1000, and 1150. There is opportunity to easily push the CAP rate to 9-11%.
Features of 433 Linwood
| MLS® # | B1636578 |
|---|---|
| Price | $1,175,000 |
| Bedrooms | 8 |
| Bathrooms | 0.00 |
| Square Footage | 920 |
| Acres | 0.00 |
| Year Built | 1991 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 433 Linwood |
|---|---|
| Area | Buffalo City |
| Subdivision | Elmwood Strip |
| City | Buffalo |
| County | Erie |
| State | NY |
| Zip Code | 14209 |
Amenities
| Utilities | Electricity Connected, Sewer Connected, Snow Removal, Trash Collection, Water Available |
|---|---|
| Features | Irregular Lot, Near Public Transit, Residential Lot |
| Parking | Three or more Spaces |
| Garages | Three or more Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Varies, Vinyl |
|---|---|
| Appliances | Electric Oven, Electric Range, Gas Water Heater, Electric Cooktop |
| Heating | Electric, Baseboard |
| Cooling | Wall Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | No |
| Basement | None |
Exterior
| Exterior | Brick, Frame |
|---|---|
| Exterior Features | Blacktop Driveway |
| Lot Description | Irregular Lot, Near Public Transit, Residential Lot |
| Roof | Asphalt |
| Construction | Brick, Frame |
School Information
| District | Buffalo |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Nichol City Realty |
|---|---|
| Contact Info | 716-480-8117 |