41 Winspear Ave, Buffalo, NY, 14214

$1,990,000

Descriptions

We are pleased to present for sale a portfolio of 12 houses. 10 of which are located just South of the University of Buffalo Southern Campus in opportunity zone Tract# 360290047.00. The houses are 100% rented and offer strong cash flow. Opportunity Zone Investment / Strong Cash Flows / Large Pool of Student Tenants / Desirable Student Housing Neighborhood / Proximity to Campus / Buffalo NY Revival Story / Hard to Reconstitute Portfolio. The University Heights neighborhood is in the northern corner of Buffalo. Main Street (NY 5) bisects University Heights. Main Street in University Heights has an assortment of restaurants, bars, retail stores, and places of worship, many catering to the students of the University at Buffalo. The neighborhood serves as the northern terminus of the City's Metro Rail system as well as the home to the University at Buffalo's South Campus, whose presence creates a unique cultural and demographic dynamic. Most of the neighborhood consists of single family and multifamily residential homes. Two major commercial corridors, Main Street and Bailey Avenue, differentiate distinct areas of the neighborhood. Current conditions of the University Heights show a resilient neighborhood that is shaped by both challenges and opportunities.

Directions

South of the University of Buffalo Southern Campus

Property Details