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Meadowlawn and Meadowspring Apartments
North Tonawanda, NY

$11,136,000 USD

Multifamily For Sale • 80,391 SF

2 Properties View all

Property Details

Property Type Multifamily
Cap Rate 6.64 %

0 Transit Score

47 Walk Score

                
                    Highlights
                
                                80 apartments: 64 two-bedroom and 16 one-bedroom
                            
                                Excellent condition with new furnaces, windows, and roofs
                            
                                Two apartment complexes within 2 ½ miles of each other with a common management office
                            
                                Turn-key investment with onsite management and maintenance office
                            
                                Remodeled kitchens and baths
                            
                                Five-acre development site

Financial Summary (Proforma)

Net Operating Income: $739,077 USD (2026)

Cap Rate:	6.64 %
Total Expenses:	$409,692 USD

Public Transportation

Airport	Drive	Walk	Distance
Niagara Falls International	10 min	-	5.6 mi
Buffalo Niagara International	25 min	-	14.0 mi

Brian Heine 716-884-4437 Brian Heine - Licensed Real Estate Broker

Meadowlawn and Meadowspring Apartments North Tonawanda, NY