UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,001 sqft
Price per Sqft $62
MLS Listing ID B1656598
Construction Status Existing
HOA Y/N No
Year Built 1915
Annual Tax Amount $2,947
Lot Size 4,948 Sqft
Acres 0.1136
Lot Dimensions 41X118
Property Sub-Type Office
Property Description
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. Negotiations begin 1/21 at 3:00pm. Can also be sold as a bundle with five additional investment properties on Seneca Street, including a vacant lot: MLS#B1657116
Location
State NY
County Erie
Area Buffalo City-140200
Zoning N-3E
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Cooling Central Air
Flooring Carpet, Linoleum, Vinyl
Inclusions Land and Building
Fireplace No
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt,Flat
Total Parking Spaces 2
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Masonry
Construction Status Existing
Schools
School District Buffalo
Others
Tax ID 140200-123-720-0004-008-000
Acceptable Financing Cash, Owner Will Carry, Private Financing Available
Listing Terms Cash, Owner Will Carry, Private Financing Available
Special Listing Condition Standard
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