$550,000
$500,000
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429 Prospect AVE Buffalo, NY 14201
5,860 SqFt
Key Details
Sold Price $550,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 5,860 sqft
Price per Sqft $93
MLS Listing ID B1392058
Sold Date 05/24/22
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $6,006
Lot Size 8,250 Sqft
Acres 0.1894
Lot Dimensions 50X165
Property Sub-Type Other
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.
Location
State NY
County Erie
Area Buffalo City-140200
Direction On Prospect between Pennsylvania & Jersey.
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Carpet, Hardwood, Varies, Vinyl
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Exterior
Exterior Feature Concrete Driveway
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Near Public Transit, Residential Lot
Story 3
Sewer Connected
Water Connected, Public
Structure Type Brick
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-099-830-0004-028-000
Acceptable Financing Cash
Listing Terms Cash
Financing Conventional
Special Listing Condition Standard
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Bought with Colin C. Casey