$240,000
$199,000
20.6%For more information regarding the value of a property, please contact us for a free consultation.
14,976 SqFt
SOLD DATE : 04/14/2021
Key Details
Sold Price $240,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,976 sqft
Price per Sqft $16
MLS Listing ID B1267575
Sold Date 04/14/21
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $14,627
Lot Size 6,250 Sqft
Acres 0.1435
Lot Dimensions 50X125
Property Description
Redevelopment opportunity located on one Buffalo's fastest developing streets, minutes to downtown Buffalo. 507 Niagara Streets most recent use was 18 one bedroom apartments however a full renovation is needed. Potential gross income of $18,000/month after $1M-$1.2M renovation. This property is a great BRRR and will work well for someone looking for a long term investment.
County Taxes: $1,140/year (2019 assessment)
City/School Taxes: $13,487/year (2020 assessment)
Sewer Rent: $762/year (2020 assessment)
Location
State NY
County Erie
Area Buffalo City-140200
Rooms
Basement Full
Interior
Heating Other, See Remarks
Cooling Other, See Remarks
Flooring Other, See Remarks
Fireplace No
Appliance See Remarks, Water Heater
Exterior
Exterior Feature Concrete Driveway
Community Features Other, See Remarks
Utilities Available Sewer Connected, Water Connected
Roof Type Membrane,Rubber
Garage No
Building
Lot Description Near Public Transit
Story 3
Sewer Connected
Water Connected, Public
Structure Type Brick
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-110-270-0005-026-000
Acceptable Financing Cash
Listing Terms Cash
Financing Other,See Remarks
Special Listing Condition Standard
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Bought with Keller Williams Realty WNY
Broker Associate | License ID: 10301219405
+1(315) 430-0030 | celeste.ccgrealty@gmail.com