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97 Merrimac Street, Buffalo, NY 14214

$259,000
  • 97 Merrimac Street, Buffalo, NY 14214 Main Photo

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Active
BEDS9 BATHS3 full SQUARE FEET2,250 MLS#B1718331
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLBuffalo

Property Description

Nine bedrooms, two spacious apartments, and a property ready to earn its keep. Whether you're looking to live in one unit while collecting rent from the other or put both to work as an investment, this substantial Buffalo two-family offers a combination of space and income potential that's hard to find. The lower apartment features five bedrooms, while the upper offers four, all spacious, legal bedrooms approved by the City of Buffalo. How often do you find that much room in a single apartment, let alone two under one roof? With potential rental income approaching $4,000 per month, low City of Buffalo taxes, and a projected cap rate exceeding 12%, depending on actual income and expenses, this property gives buyers plenty to get excited about. A new driveway adds convenience, generous attic and basement storage keeps the living spaces free of clutter, and a full bathroom in the basement adds another practical bonus. Close to the University at Buffalo, Main Street, and everyday amenities, the location strengthens an already compelling opportunity. For an owner occupant, imagine having rental income help carry your housing costs. For an investor, imagine two unusually spacious apartments working toward one impressive monthly return. Big on bedrooms, strong on potential, and ready for its next chapter, this is a property built to pull its weight.

97 Merrimac Street | MLS# B1718331

This multi-family property located at 97 Merrimac Street, Buffalo, NY 14214 is currently listed for sale with an asking price of $259,000. Merrimac Street is located within the Buffalo school district. Search Buffalo real estate on www.mjpeterson.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, ForcedAir
Home Style: Duplex
Lot Size: 0.08 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $2,445
Year Built: 1920

Amenities

Balcony

Feature Descriptions

Appliances: GasWaterHeater
Days on Site: 10
Exterior: VinylSiding
Flooring: Carpet, Hardwood, Tile, Varies
Lot: NearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Dimensions: 30X115
Parcel#: 140200-079-460-0006-025-000
Parking: Paved, TwoOrMoreSpaces
Parking Notes: Paved, TwoOrMoreSpaces
Patio/Porch: Balcony
Sewer: Connected
Units: 2
Utilities: SewerConnected, WaterConnected
Water: Connected, Public
Water Features: BoatRampLiftAccess

Local Schools

School District: Buffalo

Listed By / Shown By

Listing By

Agency Name: Keller Williams Realty WNY
Agency Contact: 716-292-8756

Shown By

Agency Title: MJ Peterson Real Estate
Agency Phone: (716) 688-1234

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Estimated Payment

$ 855.71 per month $576.42 Principal & Interest $203.75 Property Tax $75.54 Homeowner's Insurance

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