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Profile of this Business Opportunity

Island Village Townhouses
2101 – 2131 Bedell Road
Grand Island, NY 14072

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The subject property consists of a 36 unit apartment complex; comprised of six, wood frame buildings of six units each. The buildings are situated on 3.205 acres in Erie County, NY which were constructed in 1973. All of the units are two bedroom townhouse style apartments with full kitchens, one and one-half baths, laundry hook-up and balcony (approximately 1,200 square feet per unit). The complex has experienced an occupancy rate of approximately 90%; rents range from $545 - $585; tenants pay their own utilities except for water.

Major interior and exterior renovation/upgrade of all units costing approximately $1.5 million was completed in August of 1997. Some of the renovation items included new gable-styled roofs and roof covers, new siding, new windows, new doors, new forced hot air furnaces, new flooring, new cabinets, new appliances, new heated sidewalks and new patios.

Grand Island is an upscale community located between Buffalo and Niagara Falls, N.Y. Its residents are typically college educated young to middle age singles and couples employed in professional and white collar occupations who tend to be renters and live in multi-unit dwellings. The area’s crime rate is below average. Neighborhood Information

The real estate broker for this property is Oberdan (Dan) Luparello - Luparello Real Estate (716) 875-5188 or (716) 626-1311. Other interested brokers may contact Dan.

Please feel free to contact Dan or us to ask any questions, request additional information or to arrange a meeting to further discuss this property.

Terms for Buying this Property

For Additional Information about this property:

Contact Jim Ellegate at either address/phone number above or by email at americanbusinessnet.com or Dan Luparello at (716) 875-5188 or (716) 626-1311.

Business Investment Memorandum
CONFIDENTIAL BUSINESS REVIEW

The information contained in this Confidential Business Review, including but not limited to the Business Profile, financial statements and other data has been supplied by our Client. American Business Network, Inc. has not audited or otherwise confirmed this information and makes no representations, expressed or implied, as to its accuracy or completeness or the conclusions to be drawn and shall in no way be responsible for the content, accuracy and truthfulness of such information. Any and all representations shall be made solely by the Client as set forth in an executed purchase or other type of investment agreement which shall control as to representations and warranties, if any between the client and purchaser/investor.

This Confidential Business Review is only intended to provide a prospective purchaser, investor, joint venturer with preliminary information regarding the Client whose business is currently available for sale or other type of investment. The information and exhibits contained herein have been obtained primarily from the Client and both Client and American Business Network, Inc. believe that the data is a fair representation of Client's business activities. However, American Business Network, Inc. cannot and does not guarantee its completeness or accuracy.

Any interested party potentially involved with a transaction with this Client is advised to perform a due diligence review of Client prior to any purchase or other type of investment in the Client. To maintain confidentiality and to avoid any disruption of the Client's business, all discussions concerning this memorandum or questions about the Client shall be directed through American Business Network, Inc. and there should be no direct contact with Client or its personnel.

If presented, any Pro Forma Financial Statements disregard the infusion of capital and/or debt for the purchase of client or its operating capital needs, adequacy of personnel, expertise and other factors necessary to attain the pro forma results. Furthermore, even if capital funding and/or debt financing as depicted in the pro forma data is obtained and the business operates through to the end of the pro forma period, there are usually differences between the pro forma and actual results because events and circumstances frequently do not occur as expected, and those differences may be material. We have no responsibility to update this report for events and circumstances occurring after you have received this report.

email us: American Business Network, Inc.

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