Neighborhood: South Vlg/black Rock, Buffalo City-140200
State: New York
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.