This well-maintained, 2.5-story brick apartment building offers a fantastic investment opportunity with strong potential for value-add improvements. Located on Sheridan Drive, a major commercial corridor connecting the suburbs of Tonawanda and Amherst, the property features a desirable mix of 11 two-bedroom and 4 one-bedroom apartments, each with spacious layouts and eat-in kitchens.
Key Property Highlights:
One and two-bedroom apartments with room for upgrades and increased rental income.
Building Improvements: Recent updates include newer roofs and windows.
Prime Location: Positioned along a high-traffic commercial route with easy access to shopping, dining, and major highways.
Strong Upside Potential: Significant opportunity for upgrades to interiors, including kitchen and bathroom enhancements, that can lead to higher rents and increased property value.
Low Maintenance: Solid 1966 construction with low-rise apartment style (3 stories total), making for minimal upkeep.
No. Units: 15 total (11 two-bedroom, 4 one-bedroom)
Unit Features:
Air Conditioning
Balconies in select units
Dishwashers
Refrigerators and Ovens
Heating and Carpeted Floors
Spacious Family Rooms and Freezer Options
Bathtub/Shower Combos
Site Amenities:
24-Hour Access
Controlled Access for added security
Don't miss out on this opportunity to acquire a well-located multifamily asset with substantial upside potential.