Seller's Agent in 2021
Nicholas Giambra
Iconic Real Estate
(716) 670-3721
21 in this area
171 Total Sales
405 Prospect Ave Buffalo, NY 14201
West Side Neighborhood
--
Bed
--
Bath
7,933
Sq Ft
5,250
Sq Ft Lot
Highlights
- Property is near public transit
- Forced Air Heating System
- Coin Laundry
- Wood Flooring
- Ceiling Fan
About This Home
As of October 2021All brick 6 unit building located in historic and architecturally charming West Side neighborhood one block from Niagara Street and a few blocks from D'Youville College. 405 Prospect is two buildings (front building 4 units, back building 2 units) with a newer tear off architectural shingle roof. Gas and electric is included in only 2 of the apartments, the other 4 units have separate gas and electric utility expenses maintained by existing tenants. The front building is well built with a strong stone basement and back house is slab on grade, mechanically the home features newer forced air units and hot water tanks, with circuit breakers, some new plumbing and mostly new vinyl windows. This building has been managed by the same owner since 2004 and shouldn't have a ton of deferred maintenance. Coin-op laundry in the basement. Rents can be increased with cosmetic upgrades to make this investment worth your time and energy, however the property is existing and performing in its current state. The potential gross income is $59,940 (all actual rents besides vacant unit) and net income is $38,684.85.
Last Agent to Sell the Property
Listing by Iconic Real Estate License #10301221885 Listed on: 05/19/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,351
Year Built
- Built in 1900
Lot Details
- 5,250 Sq Ft Lot
- Lot Dimensions are 50x105
Parking
- No Garage
Home Design
- Brick Exterior Construction
- Slab Foundation
- Copper Plumbing
Interior Spaces
- 7,933 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Basement Fills Entire Space Under The House
Kitchen
- Gas Oven
- Gas Range
- Dishwasher
Flooring
- Wood
- Carpet
- Laminate
- Tile
Laundry
- Dryer
- Washer
Location
- Property is near public transit
Utilities
- Forced Air Heating System
- Heating System Uses Gas
- PEX Plumbing
- Gas Water Heater
Community Details
- 6 Units
- Coin Laundry
- 5 Separate Gas Meters
Listing and Financial Details
- Tax Lot 23
- Assessor Parcel Number 140200-099-830-0004-023-000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/13/2021 10/13/21 | Sold | $500,000 | -4.6% | $63 / Sq Ft |
| 07/16/2021 07/16/21 | Pending | -- | -- | -- |
| 06/24/2021 06/24/21 | For Sale | $524,000 | 0.0% | $66 / Sq Ft |
| 05/19/2021 05/19/21 | Pending | -- | -- | -- |
| 05/19/2021 05/19/21 | For Sale | $524,000 | -- | $66 / Sq Ft |
Source: Western New York Real Estate Information Services (WNYREIS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,404 | $429,000 | $26,200 | $402,800 |
| 2023 | $2,174 | $429,000 | $26,200 | $402,800 |
| 2022 | $2,157 | $429,000 | $26,200 | $402,800 |
| 2021 | $2,157 | $429,000 | $26,200 | $402,800 |
| 2020 | $731 | $429,000 | $26,200 | $402,800 |
| 2019 | $3,653 | $95,000 | $5,300 | $89,700 |
| 2018 | $3,377 | $95,000 | $5,300 | $89,700 |
| 2017 | $565 | $95,000 | $5,300 | $89,700 |
| 2016 | $3,179 | $95,000 | $5,300 | $89,700 |
| 2015 | -- | $95,000 | $5,300 | $89,700 |
| 2014 | -- | $95,000 | $5,300 | $89,700 |
Source: Public Records
Agents Affiliated with this Home
-
Nicholas Giambra
-
John Wagner Jr.
Buyer's Agent in 2021
John Wagner Jr.
Hunt Real Estate
(716) 913-9439
1 in this area
116 Total Sales
Map
Source: Western New York Real Estate Information Services (WNYREIS)
MLS Number: B1337957
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