552 Niagara Street Buffalo NY 14201 | B1470600

Exciting opportunity to be part of the transformational redevelopment of Niagara St.! Solid, brick, well-maintained 3-unit investment property with reliable cash flow. Property consists of the lower front (2 bdrms), lower rear (2 bdrms), & massive upper (2 bdrms) which spans the entire second floor. Separate utilities. Full, dry basement. Driveway, two car detached garage, & additional parking pad. Property is centrally located between downtown, Peace Bridge into Canada, Buffalo Niagara Medical Campus, D’Youville College, Allentown, and Elmwood Village. Close proximity to major thru-way systems. Current gross annual income $37,704. Current rents are below market value. Potential gross annual income $46,800. Full financial information available upon request. No showings until the open house on Saturday, May 20th from 11am-1pm. Also an open house on Sunday, May 21st from 11am-1pm.

Property Details

Price:
$299,900
MLS #:
B1470600
Status:
ActiveUnderContract
Beds:
6
Baths:
3.00
Address:
552 Niagara Street
Type:
Multi Family
City:
Buffalo
Listed Date:
May 11, 2023
State:
NY
Square Ft (approx):
2,268
ZIP:
14201
Subdivision:
West Side
Lot Size:
5,544 sqft / 0.13 acres (approx)
Year Built:
1900

Schools

School District:
Buffalo

Interior

Appliances
Gas Water Heater
Flooring
Ceramic Tile, Hardwood, Varies
Heating
Gas, Forced Air

Exterior

Architectural Style
Triplex
Construction Materials
Brick
Parking Features
Garage, Twoor More Spaces
Roof
Asphalt, Membrane, Rubber

Financial

Buyer Agent Compensation
3%
Net Operating Income
$30,403
Taxes
$2,521

Map

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