227 & 229 Abbott Road Buffalo, New York
Listed By CENTURY 21 North East
The Multi Family Home for Sale located at Buffalo, New York is currently for sale. Buffalo, New York is listed for $489,000. This property has 5 bedrooms, 0 bathrooms features. If the property located at Buffalo, New York isn't what you're looking for, visit https://www.century21global.com to see other Multi Family Homes for Sale in Buffalo .
Date Updated : Jan 9, 2025
MLS#: B1572825
$489,000 USD
- TypeMulti Family Home
- Bedrooms5
- Home/Lot size617m² (6,641ft²)
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!