227 & 229 Abbott Road
Buffalo, New York

MLS#: B1572825

$489,000 USD

  • Type
    Multi Family Home
  • Bedrooms
    5
  • Home/Lot size
    617m²  (6,641ft²)
The details

Property features

Construction details

  • Year built: 1920
  • Roofing: Rubber

Other features

  • Appliances: Refrigerator
  • Heating system: Baseboard Hot Water Gas

Area

  • Property size: 617m²  (6,641ft²)
  • Land/Lot size: 931m²  (0.23ac)
  • Bedrooms: 5
  • Total rooms: 5

Description

This classic 6-unit rental property is a prime investment opportunity with historic feel and architecture and good cap rate, in great Abbott Road South Buffalo Location. Impressive architecture, and ample off-street parking, it's perfect for investors. The property features 6 well-maintained residential units, each with its own storage unit, on site parking, and Common Laundry. An added spacious garage close to 42 x40 with two 10 foot high entry doors has significant potential for conversion into additional rental opportunity, Currently, the garage generates $400/month from a tenant, but it offers room for over 6 cars and could bring even more income if converted. With a gross annual income exceeding $51k, this property is fully occupied and each unit is thoughtfully cared for including windows. The sale includes the adjoining lot at 229, providing tenants with plenty of parking. Plus, there's a convenient bus stop right out front. This is a fantastic opportunity that shouldn't be missed!

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Location

Buffalo, New York