NOT LISTED FOR SALE
-- Bed
-- Bath
10,493 Sq Ft
10,728 Sq Ft Lot

Last Sold February 27, 2023

Last sale price $1,100,000 $105 Per Sq Ft

82 Days on Market

Highlights

  • 0.25 Acre Lot
  • Property is near public transit
  • Patio
  • Deck
  • Wood Flooring
  • Awning

About This Home

As of February 2023

Incredible investment opportunity on Buffalo's West Side. Fourteen unit apartment complex with a gross monthly rent of $11,390! All units are occupied with leases. Each unit has separate gas and electric meters. This property is a CASH COW. There are 12 units in one of the buildings with an average monthly rent of $800. There is a two unit property included and the total rent in that building is $2300. This complex shows very well as most of the units have recently been updated. The two unit has been renovated from top to bottom, has a new tear off roof and is in A+ condition. Both buildings were vinyl sided this year. Invest in this property, collect the guaranteed rent, self manage and enjoy the appreciation in value over time. Prime location is near several colleges/universities, Elmwood Village, Allentown, Downtown, the Buffalo Niagara Medical Campus, Museums, Art Galleries, restaurants, shopping and the highway.

Last Agent to Sell the Property

Renee J. Moran

Listing by Red Door Real Estate WNY LLC Brokerage Phone: 716-866-8361 License #10491202951 Listed on: 09/01/2022

Last Buyer's Agent

Christopher Wietig

Listing by Buffalo Property Partners LLC License #10491205911

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,188

Year Built

  • Built in 1915

Lot Details

  • 10,728 Sq Ft Lot
  • Lot Dimensions are 72x149

Home Design

  • Vinyl Siding

Interior Spaces

  • 10,493 Sq Ft Home
  • 3-Story Property
  • Awning

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Wood
  • Laminate
  • Vinyl

Basement

  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 3 Parking Spaces
  • No Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Location

  • Property is near public transit

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas
  • Gas Water Heater

Listing and Financial Details

  • Rent includes trash collection, water
  • Tax Lot 1
  • Assessor Parcel Number 140200-099-500-0005-001-000

Community Details

Overview

  • 14 Units

Building Details

  • 14 Separate Gas Meters
  • Operating Expense $20,968
  • Gross Income $136,680

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,188

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Sub Type: Commercial
  • Property Type: Multi Family
  • Rent Includes: Trash Collection, Water
  • Year Built: 1915
  • Attribution Contact: 716-866-8361
  • Lot Features: Near Public Transit, Residential Lot
  • Road Frontage Type: City Street
  • Directions: West Ave is a one way. Building is on block between Rhode Island and Mass.
  • Flooring: Hardwood, Laminate, Varies, Vinyl
  • Garage Yn: No
  • Year Built Details: Existing
  • Property Sub Type Additional: Commercial
  • Special Features: None

Interior Features

  • Appliances: Gas Oven, Gas Range, Gas Water Heater, Refrigerator
  • Basement: Full, Partial
  • Basement YN: Yes
  • Stories: 3
  • Stories: 3

Exterior Features

  • Acres: 0.2463
  • Waterfront: No
  • Construction Type: Vinyl Siding
  • Exterior Features: Awning(s), Blacktop Driveway, Deck, Patio
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Parking Features: Three or more Spaces, Driveway, No Garage

Utilities

  • Heating: Gas, Forced Air
  • HeatingYN: Yes
  • Utilities: Sewer Connected, Water Connected
  • Water Source: Connected, Public

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Buffalo

Lot Info

  • Parcel Number: 140200-099-500-0005-001-000
  • Lot Dimensions: 72X149
  • Lot Size Sq Ft: 10728.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 14
  • Annual Gross Income: 136680.0
  • Annual Operating Expense: 20968.0
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 14

Tax Info

  • Tax Annual Amount: 9188.0
  • Tax Lot: 1

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/27/2023 02/27/23 Sold $1,100,000 -15.4% $105 / Sq Ft
11/22/2022 11/22/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $1,300,000 0.0% $124 / Sq Ft
11/02/2022 11/02/22 Pending -- -- --
10/08/2022 10/08/22 Price Changed $1,300,000 -7.1% $124 / Sq Ft
09/01/2022 09/01/22 For Sale $1,400,000 +180.0% $133 / Sq Ft
10/01/2015 10/01/15 Sold $500,000 -9.1% $48 / Sq Ft View Prior Sale
05/09/2015 05/09/15 Pending -- -- --
04/28/2015 04/28/15 For Sale $550,000 +161.9% $52 / Sq Ft
03/11/2015 03/11/15 Sold $210,000 -23.6% $20 / Sq Ft View Prior Sale
02/03/2015 02/03/15 Pending -- -- --
04/15/2014 04/15/14 For Sale $275,000 -- $26 / Sq Ft
Source: Western New York Real Estate Information Services (WNYREIS)

Tax History Compared to Growth

Source: Public Records

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 $2,326 $415,000 $53,600 $361,400
2023 $2,103 $415,000 $53,600 $361,400
2022 $2,087 $415,000 $53,600 $361,400
2021 $2,087 $415,000 $53,600 $361,400
2020 $1,462 $415,000 $53,600 $361,400
2019 $7,307 $190,000 $10,700 $179,300
2018 $6,754 $190,000 $10,700 $179,300
2017 $1,130 $190,000 $10,700 $179,300
2016 $6,358 $190,000 $10,700 $179,300
2015 -- $190,000 $10,700 $179,300
2014 -- $190,000 $10,700 $179,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Western New York Real Estate Information Services (WNYREIS)

MLS Number: B1431293

Western New York Real Estate Information Services (WNYREIS)