2961 Bailey AVE, Buffalo, NY 14215
2961 Bailey AVE, Buffalo, NY 14215
2961 Bailey AVE, Buffalo, NY 14215
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Thomas (Tom) Mazzone

Thomas (Tom) Mazzone

+1(716) 310-3102
$489,000
Est. payment /mo
12 Beds
7,532 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 7,532 sqft

Price per Sqft $64

MLS Listing ID B1727937

Bedrooms 12

Construction Status Existing

HOA Y/N No

Year Built 1936

Annual Tax Amount $5,560

Lot Size 4,904 Sqft

Acres 0.1126

Lot Dimensions 45X109

Property Sub-Type Other

Property Description

Investment Opportunity! A well-maintained multifamily property in the heart of Buffalo, offering 10 income-generating units, including a mix of one-bedroom, two-bedroom, three-bedroom, and studio apartments. With a strong rental history and all units currently occupied, this property provides immediate cash flow and long-term stability for investors. Each apartment is spacious and designed for comfortable living, with tenants responsible for their own deposits. Current rents range from $650 to $950 per month, bringing in a solid monthly gross income of $8,400 and an annual gross potential of $100,800. Located on a convenient transit corridor, 2961 Bailey Ave is close to shopping, schools, and public transportation, making it attractive to renters year-round. Whether you're expanding your portfolio or seeking your next high-performing asset, this property is a turnkey investment with consistent returns.

Location

State NY

County Erie

Area Buffalo City-140200

Rooms

Basement Full

Interior

Heating Gas, Baseboard

Flooring Hardwood, Laminate, Varies

Fireplace No

Appliance Gas Water Heater, See Remarks

Exterior

Community Features Other, See Remarks

Utilities Available Sewer Connected, Water Connected

Roof Type Asphalt

Building

Lot Description Flag Lot, Near Public Transit

Sewer Connected

Water Connected, Public

Structure Type Brick,Frame

Construction Status Existing

Schools

School District Buffalo

Others

Senior Community No

Tax ID 140200-090-410-0009-046-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Red Hawk Real Estate

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