Property Description

279 Riverside Ave, Buffalo, NY 14207 | Listed at $100,000 (Property will be fully vacant at closing). When was the last time a Buffalo duplex hit the market at $100,000 with a Zestimate of $160,000 and comparable sales in the zip code ranging from $270,000-$330,000? Welcome to 279 Riverside Avenue - the deal you've been waiting for, and it's priced to move fast. This 1,560 sq ft two-unit duplex features a vacant 3 bed/1 bath lower unit and a 2 bed/1 bath upper unit with a month-to-month tenant, separate electric and gas meters, a full basement, and a 2+ car detached garage. The lower unit is move-in ready for an owner-occupant or a new tenant, making this a true turn-key opportunity from day one. Recent upgrades include a new HE furnace (2024), all new vinyl windows (2024), updated lower bathroom with new flooring and tub (2024), tear-off roof including the 2nd floor porch roof (~2 yrs), newer concrete sidewalk and driveway (2023), and updated electrical with circuit breakers (~6 yrs). Maintenance-free aluminum siding, glass block windows with vents, and a private 2nd floor porch for the upper unit make this a property tenants will love. At $1,000/month per unit, the net operating income lands at $15,365/year - supporting a 10% cap rate valuation of over $153,000. Buy at $100K and walk into immediate equity. City of Buffalo Certificate of Compliance and Erie County Lead-Free Letter are already in hand - less work for you at closing. Whether you're an investor, a flipper, or an owner-occupant ready to build wealth from the ground up, 279 Riverside checks every box at a price that simply doesn't come around often in this market. Offers due Wednesday, April 30th by 5:00 PM.

Property Features

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