UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,102 sqft
Price per Sqft $47
MLS Listing ID B1714954
Style Duplex
Bedrooms 7
Full Baths 2
Half Baths 1
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,202
Lot Size 4,020 Sqft
Acres 0.0923
Lot Dimensions 30X134
Property Sub-Type Duplex
Property Description
The front home is vinyl-sided with 4 bedrooms and 1.5 baths (3 bedrooms plus a full bath on the first floor, 1 bedroom plus a half bath on the second). The rear home is clad in cedar shake and offers 3 bedrooms and 1 bath (2 bedrooms on the first floor, 1 on the second) and is currently occupied by a long-term month-to-month tenant of 10+ years at $1,000/month.
Each home has its own separate gas and electric meters, with one shared water service for the lot. Electric service was updated within the last year on circuit breakers. Heat is provided via wall-mounted space heaters (one in the front home, two in the rear).
The lot measures 30' x 134', and while the tax record shows 2,102 gross square feet, the actual livable footprint may run higher, offering potential upside for a buyer. There's no off-street parking, but street parking is plentiful in the area.
Using conservative rent projections of $1,200 for the front home and $1,000 for the rear, and after accounting for operating expenses, vacancy and collection loss, repairs, management, taxes, water, and insurance, this property supports an estimated value near $115,000 at a 15% cap rate, making the $100,000 asking price highly competitive against area sold comparable sales and a strong opportunity for a buyer looking for two single-family rentals under one roof of ownership.
Location
State NY
County Erie
Area Buffalo City-140200
Direction On Davey between Reiman and Vanderbilt.
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s)
Heating Gas, Space Heater, Wall Furnace
Flooring Carpet, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Exterior Feature Fence
Fence Partial
Utilities Available Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Porch Covered, Porch
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 1
Foundation Other, See Remarks
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories One
Structure Type Vinyl Siding,Wood Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-112-350-0004-042-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.giambrateam.com/listings/587192734512
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