UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 1,407 sqft
Price per Sqft $127
Subdivision Holland Land Company'S Su
MLS Listing ID B1667574
Style Duplex
Bedrooms 4
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1927
Annual Tax Amount $1,023
Lot Size 3,920 Sqft
Acres 0.09
Lot Dimensions 35X112
Property Sub-Type Duplex
Property Description
This is not a painted-over flip — nearly everything in this building is new.
The lower unit is a 2 bed/1 bath with a brand-new forced air furnace. The upper unit is a 2 bed/1 bath with all-new ductwork. Separate electric meters (2), separate gas meters (2), one water meter, circuit breaker panels, full basement, and driveway parking on a 35x112 lot. Both units are vacant — you choose your tenants.
For the house-hacker, collecting $950/month from the upper unit brings your monthly living cost close to zero. For the buy-and-hold investor, gross rent potential is $24,600 annually with an effective gross income of $23,370 and a net operating income of approximately $16,850. At the 1% rule this building values at $205,000. At an 8% cap rate, $210,629. Comparable vacant duplexes in 14215 have been closing between $210,000 and $250,000. The ask is $180,000. The neighborhood has seen consistent appreciation in both property values and rents for 15+ years and the duplex market in this zip code is firmly a seller's market right now.
Offers are due Thursday, April 2nd at 5:00 PM
Location
State NY
County Erie
Community Holland Land Company'S Su
Area Buffalo City-140200
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Ceramic Tile, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Enclosed Porch, Fence, Porch
Fence Partial
Utilities Available Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Foundation Block
Sewer Connected
Water Connected, Public
Architectural Style Duplex
Structure Type Vinyl Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-090-320-0001-022-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Virtual Tour https://giambrateam.com/listings/540218112823
Nearby Locations
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