Welcome to Brighton Place Townhouses — an exceptional investment opportunity to
acquire a fully occupied apartment complex featuring 38 identical 2-bedroom, 1-bath
townhome-style units. Each unit includes both front and rear entrances, a spacious
living room with hardwood floors, and a full kitchen on the main level. Upstairs, you’ll
find two bedrooms and a full bathroom.
Every unit also includes a private basement along with individual furnaces, water
heaters, and separate gas and electric meters. Tenants are responsible for their own
utilities, with the exception of water and sewer. The property offers ample parking for all
residents, plus 14 garage bays.
The complex benefits from stable occupancy, and over two-thirds of the rental income is
guaranteed through subsidies. Significant upside exists in raising rents, and a
fresh Certificate of Compliance has just been issued.
Offered at $2.85M, this investment delivers a strong 10% cap rate.
Sewer Connected, Water Connected, Snow Removal, Water, Common Area Maintenance
Rectangular, Rectangular Lot, Residential Lot
Gas Cooktop, Gas Water Heater, Refrigerator
Rectangular, Rectangular Lot, Residential Lot
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Kirnan Real Estate Inc shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2025 CNYIS, GENRIS, WNYREIS. All rights reserved.
