SQUARE FEET4,001
MLS#B1656598
STATUSActive
PROPERTY TYPECommercial - Office
SCHOOLBuffalo
Property Description
Fantastic investment opportunity! Both apartments are tenant occupied, as well as the deli storefront. This property offers a 7.76% cap rate with the current below market rents and brings in over $33,000/year in gross rental income. Projected gross rental income should be $40,800/year. Roof has been replaced within the last 8 years. Facade and commercial windows were replaced within the last 2 years. Tenants are long term and would like to stay. Back apartments (upper and lower) are tenant occupied, and each have 2 bedrooms and 1 full bathroom. Storefront can be shown between 9:00am-8:00pm daily. Back unit tenant apartments require tenants to be present- 24 hour notice is required, 48 hour preferred. Lower tenant has availability after 4pm and on certain days off. Can also be sold as a bundle with five additional investment properties on Seneca Street, including a vacant lot: MLS#B1657116
Property Features
Property Type: Commercial - Office
Basement: Full
Cooling: Central Air
Heating: Gas, Forced Air
Lot Size: 0.11 Acres
Roof Type: Asphalt, Flat
Stories: 2.0
Taxes: $2,947
Year Built: 1915
Feature Descriptions
Days on Site: 104
Exterior: Masonry
Flooring: Carpet, Linoleum, Vinyl
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 41X118
Parcel#: 140200-123-720-0004-008-000
Parking: On Site
Parking Notes: On Site
Sewer: Public Sewer
Utilities: Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Buffalo
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty WNY
Agency Contact: 716-316-6664
Shown By
Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234
1892 Seneca Street | MLS# B1656598
This commercial property located at 1892 Seneca Street, Buffalo, NY 14210 is currently listed for sale with an asking price of $224,900. Seneca Street is located within the Buffalo school district. Search Buffalo real estate on www.mjpeterson.com today.