For Sale
$2,200,000

45 Colonial Dr Springville, NY 14141

Five-Building Portfolio, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
128
This exceptional multifamily investment opportunity comprises five apartment buildings located at 5, 15, 25, 35, and 45 Colonial Drive in Springville, New York, 14141. The portfolio is offered at an asking price of $2,200,000, presenting a compelling pro-forma capitalization rate of 7.30%. The buildings generate a substantial pro-forma net operating income (NOI) of $160,517 annually. Situated in Erie County, this property offers a strong potential for return on investment. The precise unit breakdown for each building is not currently available, however, the combined portfolio presents a significant opportunity for a multifamily investor seeking a well-located, income-producing asset in a stable New York market. The property's location in Springville, NY provides convenient access to local amenities and services. Further details regarding the individual building characteristics and financial performance are available upon request. This is a rare opportunity to acquire a substantial multifamily portfolio in a desirable location with a proven track record of profitability. Serious inquiries only.

Highlights

  • $2,200,000 asking price.
  • Multifamily apartment building investment opportunity.
  • 7.30% pro-forma cap rate.
  • $160,517 pro-forma net operating income (NOI).
  • Located at 45 Colonial Dr, Springville, NY 14141.

Property Details for 45 Colonial Dr

Property type
Apartment buildings

Location Insight

City
Springville
County
Erie
State
New York
Latitude
42.5134138
Longitude
-78.6635641
45 Colonial Dr, Springville, New York

FAQs

What type of property is this?
Apartment building - Five-Building Portfolio, High Cap Rate
Where is the apartment building located?
The property is located at 45 Colonial Dr Springville, NY.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: $2,200,000 asking price.; Multifamily apartment building investment opportunity.; 7.30% pro-forma cap rate.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
45 Colonial Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message