1582 Delaware Avenue, Buffalo, NY 14209

$625,000
12
BD
4
BA
7,450
SqFt

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List Price
$625,000
Status
ACTIVE
MLS#
B1728555
Year Built
1930
Stories
2
Bedrooms
12
Bathrooms
4
Acres
0.15
Living Area
7,450
Region
Buffalo City

Property Description

**1582 Delaware Avenue – Buffalo, NY** Excellent opportunity to own an income-producing four-unit apartment property in a desirable North Buffalo location! This well-maintained multifamily property features four residential units generating **$5,650 in monthly rental income ($67,800 annually)**, the opportunity to build long-term equity. Each apartment has separate gas and electric meters, with tenants responsible for their individual gas & Electric, while the owner currently provides water, and trash service. The property has benefited from numerous improvements, including updated kitchen cabinetry in two apartments, a new porch, replacement water heater, new refrigerator and dishwasher, and a coin-operated laundry machine. Partial plumbing pipe replacements have also been completed throughout the apartments and basement in recent years. Additional income potential is provided by the coin-operated laundry. Whether you're an experienced multifamily investor expanding your portfolio or looking to acquire your first investment property, this four-unit is an attractive combination of established rental income, ongoing improvements, and future upside. A great opportunity to own a solid multifamily asset in Buffalo!

Additional Information

Taxes
$6,285
Exterior Features
Balcony
Style
Fourplex
School District
Buffalo
Water
Connected, Public
Sewer
Connected

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Calculator source: Real Geeks

Listing courtesy of Greco Real Estate.Com. Contact: chris@grecorealestate.com