Buffalo Student Apartments

For Sale

35 Houses - 45 units - 201 Bedrooms, Buffalo, NY 14214

This Buffalo property for sale is located at 35 Houses - 45 units - 201 Bedrooms. The current listed sale price for Buffalo Student Apartments is $10,500,000.

Contacts

broker

John Fletcher

SVN | Commercial Realty

(716) 698-8401

Property Details

  • Property Type Multi-Family
  • Property Size 61,636 SF
  • Units 45
  • Year Built 1913
  • Date Updated Mar 19, 2024
The University Heights District in Buffalo, NY, is known for its close proximity to the University at Buffalo's South Campus. This area is vibrant, hosting students from various study programs, particularly renowned for its engineering and health sciences degrees among others. The neighborhood around Winspear Avenue, near the campus, typically features a mix of residential homes, often occupied by students, offering a unique college-town atmosphere. Local amenities include diverse restaurants catering to student budgets and tastes, as well as convenient public transportation options, facilitating easy access to downtown Buffalo and beyond.The portfolio includes 45 Student Apartments in 35 Houses with 201 bedrooms all located in a cluster around the UB South Campus in Buffalo NY, 14214. All houses are located around the University Heights district, walking distance to UB South campus and the VA Hospital. All Houses provide a kitchen with modern appliances, livings rooms, most offer free laundry in the basement and some offer balconies and a backyard. The seller has owned and operated a student housing business for over 30 years and boasts an almost 100% occupancy record. The houses are in excellent locations and do not require any immediate capital improvements. The deal is priced to sell at an 8.5% cap rate.

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Highlights

  • - 100% occupied and all units leased for the 2024-2025 college year with only 6 units left.
  • - 5 minute walk to the University of Buffalo South Campus.
  • - highly desirable campus living with large private bedrooms and most with free laundry in basements.
  • - 10-15 minute walk to the VA Hospital.
  • - Asking only $52,238 per bedroom.
  • - 8.5% Cap Rate includes actual income and owners budget expenses and broker added $65,000 for a maintenance employee.
  • - 35 Houses with 45 units and 201 bedrooms

Getting around

  • 80/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 66/100

    Bike Score ®

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Location

  • City Buffalo, NY
  • Neighborhood LaSalle
  • Zip Code 14214
  • Market Buffalo

Points of Interest

  • University Station

    0.34 miles

  • LaSalle

    0.34 miles

  • University

    0.34 miles

  • Hertel & Voorhees

    0.87 miles

  • Hertel & Vorrhees

    0.89 miles

  • Hertel & Starin

    0.99 miles

  • Amherst Street

    1.03 miles

  • Hertel & Wellington

    1.38 miles

  • Humboldt–Hospital

    2.12 miles

  • Delavan/Canisius College

    2.55 miles

  • Mobil

    0.07 miles

  • Sunoco

    0.57 miles

  • Speedway

    0.84 miles

  • ChargePoint

    1.42 miles

  • ChargePoint

    1.55 miles

  • Kwik-Fill

    1.75 miles

  • Sunoco

    1.76 miles

  • Speedway

    1.78 miles

  • Sunoco

    1.80 miles

  • Kwik Fill

    2.08 miles

  • Park and Ride Lot

    0.36 miles

  • Park and Ride Lot

    0.45 miles

  • Sherman Lot

    0.50 miles

  • Tonawanda Rails-to-Trails

    0.82 miles

  • Tonawanda Rails-to-Trails

    2.44 miles

  • Rite Aid Parking Lot

    2.64 miles

  • CVS lot

    2.79 miles

  • Lot I-30

    2.98 miles

  • Lot I-33

    2.99 miles

  • Lot I-32

    3.02 miles

  • University Manor Inn

    0.76 miles

  • Days Inn

    2.32 miles

  • Homewood Suites by Hilton Buffalo-Amherst

    2.69 miles

  • Foundry Suites Hotel

    2.76 miles

  • Reikart House, Buffalo

    2.82 miles

  • Hyatt Place

    2.87 miles

  • Courtyard

    2.93 miles

  • Motel 6

    3.02 miles

  • Buffalo Marriott Niagara

    3.06 miles

  • DoubleTree by Hilton Hotel Buffalo - Amherst

    3.07 miles

  • Aldi

    0.30 miles

  • Bailey Express Market

    0.67 miles

  • Fair Price Halal Meat, Grocery & Food

    0.69 miles

  • An Chau Asian Market

    0.69 miles

  • Tops

    0.72 miles

  • Dash's Market

    0.97 miles

  • Dashh's Markets Inc & Companies

    1.02 miles

  • Lexington Co-op

    1.10 miles

  • The House of Olives

    1.65 miles

  • Whole Foods Market

    1.98 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

John Fletcher

SVN | Commercial Realty

(716) 698-8401