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0.09 Acres in Buffalo, NY - $149,900
Excellent investment opportunity on Buffalo’s East Side! This 3-unit multi-family property at 1286 Broadway is offered at an attractive price point of $149,900, ideal for investors seeking a cash cow with value-add potential and long-term cash flow. Annual Gross Rents of $36,660 and low taxes yielding a healthy NOI 15.5% CAP at the asking price! The property features three separate units with functional layouts, offering flexibility for leasing strategies. Lower 3 bedroom is comprised of 3 subtenants and shared kitchen facility (rent reflects combined sub-rents). Conveniently located on a major corridor with easy access to public transportation. Strong upside potential through rent optimization and light improvements as well as additional structure that could be used for commercial or an additional residential unit! Whether you’re expanding your portfolio or entering the multi-family mar...
Excellent investment opportunity on Buffalo’s East Side! This 3-unit multi-family property at 1286 Broadway is offered at an attractive price point of $149,900, ideal for investors seeking a cash cow with value-add potential and long-term cash flow. Annual Gross Rents of $36,660 and low taxes yielding a healthy NOI 15.5% CAP at the asking price! The property features three separate units with functional layouts, offering flexibility for leasing strategies. Lower 3 bedroom is comprised of 3 subtenants and shared kitchen facility (rent reflects combined sub-rents). Conveniently located on a major corridor with easy access to public transportation. Strong upside potential through rent optimization and light improvements as well as additional structure that could be used for commercial or an additional residential unit! Whether you’re expanding your portfolio or entering the multi-family market, this property presents an affordable opportunity in a high-demand rental area. Sold as-is. Proof of funds or pre-approval required with offers.
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