BEDS6
BATHS5 full
SQUARE FEET3,906
MLS#B1656902
STATUSPending
PROPERTY TYPEResidential - Multiple
SCHOOLBuffalo
Property Description
Excellent investment opportunity on Buffalo's East Side! This 3-unit multi-family property at 1286 Broadway is offered at an attractive price point of $149,900, ideal for investors seeking a cash cow with value-add potential and long-term cash flow. Annual Gross Rents of $36,660 and low taxes yielding a healthy NOI 15.5% CAP at the asking price! The property features three separate units with functional layouts, offering flexibility for leasing strategies. Lower 3 bedroom is comprised of 3 subtenants and shared kitchen facility (rent reflects combined sub-rents). Conveniently located on a major corridor with easy access to public transportation. Strong upside potential through rent optimization and light improvements as well as additional structure that could be used for commercial or an additional 4th residential unit! Whether you're expanding your portfolio or entering the multi-family market, this property presents an affordable opportunity in a high-demand rental area. Sold as-is. Proof of funds or pre-approval required with offers.
Property Features
Property Type: Residential - Multiple
Basement: None
Heating: Gas, Forced Air
Home Style: Other, See Remarks
Lot Size: 0.09 Acres
Stories: 2.0
Taxes: $1,310
Year Built: 1920
Feature Descriptions
Appliances: Gas Water Heater
Days on Site: 147
Exterior: Composite Siding
Flooring: Other, See Remarks
Lot: Corner Lot, Rectangular, Rectangular Lot
Lot Dimensions: 32X119
Parcel#: 140200-112-220-0003-006-000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, Two or More Spaces
Sewer: Connected
Units: 3
Utilities: Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Buffalo
Listed By / Shown By
Listing By
Agency Name: HUNT Real Estate Corporation
Agency Contact: 716-864-1929
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
Estimate Your Payment
Estimated Payment
$ 486.50 per month $333.61 Principal & Interest $109.17 Property Tax $43.72 Homeowner's Insurance
1286 Broadway | MLS# B1656902
This home located at 1286 Broadway, Buffalo, NY 14212 is currently listed for sale with an asking price of $149,900. This property was built in 1920 and has 6 bedrooms and 5 full baths with 3906 sq. ft. Broadway is located within the Buffalo school district. Search Buffalo real estate on www.mjpeterson.com today.