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SINGLE_FAMILY - Buffalo, NY
Fantastic investment opportunity for this Mixed-Use building in the heart of South Buffalo's Cazenovia Park neighborhood! Located right on Seneca street, and within walking distance to the park, as well as numerous other shops, restaurants, and theaters. Both apartments and the retail space are tenant occupied, with below market rents, generating over $34,000 in gross revenue. Projected revenue is $43,200. This property offers a 8.63% cap rate at the projected revenue, and 6.40% with the current revenue. Within the past 5 years: new roof, restored bathrooms, updated plumbing, two new furnaces, one a/c unit, and one hot water tank. The upper unit has a restored kitchen, newer windows, and solid surface countertops. New facade, updated commercial windows, and new exterior paint, including a charming mural! Sale of this property includes the vacant lot next door, which has great potential f...
Fantastic investment opportunity for this Mixed-Use building in the heart of South Buffalo's Cazenovia Park neighborhood! Located right on Seneca street, and within walking distance to the park, as well as numerous other shops, restaurants, and theaters. Both apartments and the retail space are tenant occupied, with below market rents, generating over $34,000 in gross revenue. Projected revenue is $43,200. This property offers a 8.63% cap rate at the projected revenue, and 6.40% with the current revenue. Within the past 5 years: new roof, restored bathrooms, updated plumbing, two new furnaces, one a/c unit, and one hot water tank. The upper unit has a restored kitchen, newer windows, and solid surface countertops. New facade, updated commercial windows, and new exterior paint, including a charming mural! Sale of this property includes the vacant lot next door, which has great potential for expansion, development, or a parking lot. Can also be sold as a bundle with four additional investment properties on Seneca Street: MLS# Negotiations begin 1/21 at 3:00pm
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