Buffalo Student Apartments

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

  • For Sale $10,500,000
  • 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

Contacts

broker

John Fletcher

SVN | Commercial Realty

(716) 698-8401

Location

Getting Around

  • Walk Score ®

    80/100 Very Walkable

  • Transit Score ®

    52/100 Good Transit

  • Bike Score ®

    66/100 Bikeable
Powered by Walk Score ®
  • 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

  • Kalypso Restaurant

    0.03 miles

  • @ Eleven Wings & Cuisines

    0.04 miles

  • Amy's Place

    0.08 miles

  • Just Pizza

    0.08 miles

  • Tandoori Hut

    0.10 miles

  • Buffalo Calzones

    0.11 miles

  • Shango New Orleans

    0.12 miles

  • Sato Ramen

    0.13 miles

  • Doctor Bird

    0.21 miles

  • Jim's SteakOut

    0.22 miles

  • St Joseph's School

    0.11 miles

  • State University of New York at Buffalo - South Campus

    0.25 miles

  • University at Buffalo - South Campus

    0.30 miles

  • Howe Research Building

    0.36 miles

  • Bennett High School

    0.62 miles

  • Goodyear Hall

    0.64 miles

  • Clement Hall

    0.69 miles

  • Lincoln School

    0.87 miles

  • Public School 86

    0.92 miles

  • Public School 80

    0.94 miles

  • GiGi's Playhouse Buffalo

    0.55 miles

  • Buffalo Promise Neighborhood Children’s Academy by EduKids

    0.93 miles

  • PS 61 Early Childhood Center

    1.29 miles

  • Jumped Up Jellybeans

    1.68 miles

  • EduKids Early Childhood Education Center

    1.70 miles

  • Puddle Jumpers

    2.25 miles

  • YWCA of Western New York Day Care

    3.41 miles

  • North Campus Child Care Center

    4.21 miles

  • Little People's Park

    4.31 miles

  • Independent Health Youth Family Center

    4.31 miles

Frequently Asked Questions

What is the lease rate for Buffalo Student Apartments?

Rental asking rate at Buffalo Student Apartments is $5,250,000.00/YR.

What is the total square footage of Buffalo Student Apartments?

Buffalo Student Apartments totals 61,636 square feet.

When was this property built?

Buffalo Student Apartments was built in 1913.

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Contact Listing Broker

broker

John Fletcher

SVN | Commercial Realty

(716) 698-8401