$500,000
$524,000
4.6%For more information regarding the value of a property, please contact us for a free consultation.
405 Prospect AVE Buffalo, NY 14201
7,933 SqFt
Key Details
Sold Price $500,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 7,933 sqft
Price per Sqft $63
MLS Listing ID B1337957
Sold Date 10/13/21
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $9,351
Lot Size 5,248 Sqft
Acres 0.1205
Lot Dimensions 50X105
Property Sub-Type Other
Property Description
All brick 6 unit building located in historic and architecturally charming West Side neighborhood one block from Niagara Street and a few blocks from D'Youville College. 405 Prospect is two buildings (front building 4 units, back building 2 units) with a newer tear off architectural shingle roof. Gas and electric is included in only 2 of the apartments, the other 4 units have separate gas and electric utility expenses maintained by existing tenants. The front building is well built with a strong stone basement and back house is slab on grade, mechanically the home features newer forced air units and hot water tanks, with circuit breakers, some new plumbing and mostly new vinyl windows. This building has been managed by the same owner since 2004 and shouldn't have a ton of deferred maintenance. Coin-op laundry in the basement. Rents can be increased with cosmetic upgrades to make this investment worth your time and energy, however the property is existing and performing in its current state. The potential gross income is $59,940 (all actual rents besides vacant unit) and net income is $38,684.85.
Location
State NY
County Erie
Area Buffalo City-140200
Direction On Prospect between Pennsylvania & Jersey.
Rooms
Basement Full
Interior
Interior Features Ceiling Fan(s)
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Laminate, Tile, Varies
Fireplace No
Appliance Appliances Negotiable, Dryer, Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Washer
Laundry Coin-operated, Washer Hookup
Exterior
Community Features Laundry Facilities, Other, See Remarks
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Near Public Transit, Residential Lot
Story 2
Foundation Slab
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Brick,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-099-830-0004-023-000
Acceptable Financing Cash
Listing Terms Cash
Financing Other,See Remarks
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with 716 Realty Group