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Template 12
template12@lofty.com$ 500,000
Est. payment /mo
Active
429 Prospect Avenue Buffalo, NY 14201
5,860 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,860 sqft
Price per Sqft $85
MLS Listing ID B1392092
Construction Status Existing
Year Built 1900
Annual Tax Amount $6,006
Lot Size 8,250 Sqft
Property Sub-Type Multi Family
Property Description
*Interior pictures coming soon.* Welcome to this all brick 5 unit building located in historic and architecturally charming West Side neighborhood one block from Niagara Street and a few blocks from D'Youville College. This building is mechanically and structurally sound, roof/gutters and flashing are approximately 10 years old. There is off street parking with room to add more spots. The building consists of 4 (2) bedroom units and 1 (3) bedroom unit, with 5 gas meters and 5 electric meters. Currently 2 out of the 5 units are rented on a M2M basis and tenants are current on rental obligations. The 3 vacant units have been recently renovated and are ready for you to choose your own tenants! Potential gross income: $67,200, and after all expenses (including 10% management, 5% maintenance/repair and 5% vacancy) offering a 8.5% cap rate. Delayed showings until 3/21/22. Open House Saturday 3/26 from 1-3pm and Sunday 3/27 1-3pm. Offers are due 3/30 at 1pm. Also listed as MLS# B1392058
Location
State NY
County Erie
Area Buffalo City-140200
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Varies, Vinyl
Appliance Gas Water Heater
Exterior
Parking Features Parking Available, Two or More Spaces
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Near Public Transit, Residential Lot
Story 3
Sewer Connected
Water Connected, Public
Construction Status Existing
Schools
School District Buffalo
Others
Special Listing Condition Standard
Listed by Keller Williams Realty WNY