Kenton
LOCATION: Buffalo, NY
FUND: I
STATUS: Held
UNITS: 84
Kenton
Highlights:
Year Acquired: 2019 –
Purchased Price: $5,250,000
Equity: $2,000,000.00
Sale Price: $7,250,000.00
Number of Units: 84
Total Appreciation Of Property
32%
Annual Return
21%
The 84-unit (all 2-bedroom) property spreads throughout four buildings in the Kenmore and Tonawanda, New York area. In 4 years, rents have increased by nearly 25% since the buildings were purchased in 2019 by a group of investors.
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