$127,500
$149,900
14.9%For more information regarding the value of a property, please contact us for a free consultation.
3,034 SqFt
SOLD DATE : 02/14/2022
Key Details
Sold Price $127,500
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,034 sqft
Price per Sqft $42
Subdivision South Vlg/Black Rock
MLS Listing ID B1359191
Sold Date 02/14/22
Style Duplex
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $1,266
Lot Size 4,883 Sqft
Acres 0.1121
Lot Dimensions 37X132
Property Sub-Type Multi Family
Property Description
Check out this 3,034 square foot, 2 unit, upper / lower multi-family home. Located within walking distance to downtown Buffalo, the lower unit is a 2 bedroom, 1 full bath apartment, and the upper unit is a 3 bedroom, 1 full bath apartment. Although the owner has owned this home for a short time, over those 5 years there have been a number of important maintenance updates done. Some of those updates include the rear roof replacement in the last 4 years, the entire exterior of the home painted in the last 3 years and two new hot water tanks this year. The current income is $1,500 per month, however, rents for these two units could be higher, perhaps $1,800 per month or $21,600 annually. Those rents would equate to a 9.55% cap rate. The upper unit does need some work and will only be able to be viewed at the home inspection and / or final inspection. This home is priced to sell.
Location
State NY
County Erie
Community South Vlg/Black Rock
Area Buffalo City-140200
Direction From I-190 North Take exit 8 for NY-266/Niagara Street. Continue onto NY-266 N. Turn right onto Niagara Street. Drive 0.1 miles to your destination on your left.
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Building
Lot Description Near Public Transit, Rectangular
Story 2
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Level or Stories Two
Structure Type Wood Siding
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-110-440-0001-008-000
Acceptable Financing Cash, Conventional, FHA, Rehab Financing
Listing Terms Cash, Conventional, FHA, Rehab Financing
Financing Cash
Special Listing Condition Standard
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Bought with 716 Realty Group 2.0
Broker Associate | License ID: 10301219405
+1(315) 430-0030 | celeste.ccgrealty@gmail.com