UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,869 sqft
Price per Sqft $106
Subdivision Buffalo Crk Reservation
MLS Listing ID B1725609
Style Duplex
Bedrooms 5
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,963
Lot Size 5,100 Sqft
Acres 0.1171
Lot Dimensions 60X85
Property Sub-Type Multi Family
Property Description
Great investment opportunity in Buffalo's desirable Kaisertown neighborhood! Situated on a spacious double lot along a one-way street, this two-unit property offers excellent rental income potential and numerous updates throughout.
The lower unit, previously owner-occupied and updated throughout, features 3 bedrooms, 1 full bathroom, with appliances. Currently tenant-occupied, this unit generates $1,200 per month in rental income. The upper unit offers 2 bedrooms and 1 full bathroom, bringing in an additional $900 per month. Both tenants have expressed interest in staying, providing an opportunity for continued rental income from day one.
Additional features and updates include a fully waterproofed basement with sump pump and glass block windows, newer hot water tanks in both units, separate 100-amp circuit breaker panels for each unit, the main roof was replaced in 2008, the flat roof approximately 4 years old. The property also boasts a fully fenced yard, two storage sheds, and a full attic for additional storage.
With a combined monthly rental income of $2,100 ($25,200 annually) and taxes only $1,963.00 a generous double lot, and several important updates already completed, this property is a great opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Don't miss your chance to own this versatile two-family property in Buffalo!
Location
State NY
County Erie
Community Buffalo Crk Reservation
Area Buffalo City-140200
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Laminate, Varies
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Exterior Feature Fully Fenced
Fence Full
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Porch Open, Porch
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Story 2
Foundation Block, Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Vinyl Siding,Copper Plumbing
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-123-340-0005-024-100
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Standard
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