Property Description

Outstanding income-producing opportunity in the desirable University Heights neighborhood! Whether you're an investor looking to expand your rental portfolio or an owner-occupant seeking to offset mortgage expenses with rental income, this meticulously maintained two-family home offers exceptional potential! With average rental rates of approximately $1,500 per month per unit, the property offers the potential to generate $3,000 in monthly gross rental income, or $36,000 annually, when fully rented. Each spacious unit features 3 bedrooms, a full bath, kitchen, formal dining room, and inviting living room with a statement fireplace. Hardwood floors in the bedrooms, updated windows throughout, and newer mechanicals enhance the property's appeal. The upper unit is vacant, offering immediate occupancy or the opportunity to secure a new tenant, while the lower unit is occupied by a longtime tenant. The upper unit features a deck off the living room, while the lower unit boasts a bright, sun-filled sunroom. Ideally situated adjacent to a city park with only one neighboring residence, the property offers a spacious backyard and a rare sense of openness in the city. Additional highlights include off-street parking for one vehicle and separate gas and electric utilities. Rent includes water, snow removal, and landscaping. Conveniently located near the University at Buffalo South Campus, shopping, restaurants, and everyday amenities, this property offers excellent rental appeal. Live in one unit while generating rental income, or rent both units to take advantage of the property's impressive income potential!

Property Features

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