Description

Open houses Saturday August 6th and Sunday August 7th from 1-3pm. Turnkey and fully leased 5 unit apartment building located in Buffalo’s appreciating West Side neighborhood that features tons of neighborhood amenities like 5 Points Bakery, Remedy House, Butter Blocks, and Foibles and it’s walkability to Elmwood Village/Allentown/Downtown Buffalo and the Niagara River! All tenants are current on their rental obligations and each living space is 1 bedroom and 1 bath (utilities included) with two apartments on the first/second floor and then an apartment in the entire third floor space. The property features a full basement with coin-op laundry, and separate heaters for each apartment. The roof is a 3 year tear off roof, the apartment on the third floor was constructed and renovated in the past 3 years. Additionally there’s been cosmetic renovations to all the other apartments that include kitchen and bath remodels. Gas utility should be easy to separate to increase the current net operating income of $32,031.84. This is a hassle free longer term solid real estate investment that’s sure to appreciate with most capital improvements completed.
MLS #:B1424627

Details

Updated on August 1, 2022 at 12:00 am
  • Property ID: B1424627
  • Price: $500,000
  • Property Size: 4101
  • Acres: 0.061
  • Year Built: 1900
  • Property Type: Multi-Family
  • Property Status: For Sale

Additional details

  • Type: Commercial Included
  • Sq Ft Total: 4101
  • Numof Acres: 0.0614
  • List Price: 500000.00
  • Mls Number: B1424627
  • Street Number: 380
  • Postal City: Buffalo
  • City: Buffalo
  • Village: Not Applicable
  • State Or Province: NY - New York
  • Postal Code: 14213
  • County Or Parish: Erie
  • School District Name: Buffalo
  • Status: A-Active
  • Typeof Sale: Normal
  • Basement Description: Full
  • Nearest Cross Street: Ferry
  • Latitude: 42.917034
  • Longitude: -78.887491
  • Gross Annual Income: 58400
  • Rent Includes: All Utilities, Cooking Gas, Electric, Grounds Maintenance, Heat, Hot Water, Refuse Removal, Snow Removal, Water
  • Possible Financing: Cash, Commercial Loan, Conventional
  • Incomeexpense Information: Projected, Provided By Owner
  • Ratio List Price By Acres: 8143322.48
  • Ratio List Price By Sqft: 121.92
  • City Village Tax: 2201
  • School Tax: 2022
  • Town County Tax: 1268
  • Total Taxes: 5491
  • Total Numof Apartments: 5
  • Numof 1 Bedroom Apartment: 5
  • Operating Expenses Include: Electric, Exterior Maintenance, Gas/Oil, Insurance, Management, Pure Water, Refuse, Repairs/Maintenance, Snow Plow, Supplies, Utilities, Water / Sewer
  • Numof Stories: 3.0000
  • Roof Description: Asphalt
  • Exterior Construction: Wood
  • Year Built: 1900
  • Driveway Description: None, Other - See Remarks, Street
  • Lot Dimensions Depth: 87
  • Lot Dimensions Frontage: 30
  • Lot Information: Near Bus Line, Neighborhood Street
  • Numof Electric Meters: Yes
  • Numof Gas Meters: Yes
  • Numof Heating Units: 5
  • Sewer Description: Sewer Connected
  • Heating Fuel Description: Gas
  • Hvac Type: Forced Air
  • Water Heater Fuel: Gas
  • Water Resources: Public Connected
  • Property Type: Multi-Family
  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some, Laundry-Common, Natural Woodwork - some, Pex Plumbing- Some
  • Amenities Included: Coin Laundry
  • Floor Description: Laminate-Some, Tile-Some, Vinyl-Some
  • Kitchen Equip Appl Included: Oven/Range Gas-Some, Refrigerator
  • Dom: 4
  • Directionsto Property: On Breckenridge Street between Parkdale and Hoyt.
  • Address 380 Breckenridge Street
  • City Buffalo
  • Zip/Postal Code 14213
  • Country United States

Overview

Property ID: B1424627
  • Multi-Family
  • Property Type
  • 4101
  • 0.061
  • Lot
  • 1900
  • Year Built

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Contact Information

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Michael McVinney

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ChautauquaRealty.com, ERA Team VP, and M.L.McVinney & Associates, LLC has made every effort to obtained the information regarding these listings from sources deemed reliable. However, we cannot warrant the complete accuracy thereof subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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Michael McVinney
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