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Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,550 sqft
Price per Sqft $164
MLS Listing ID B1717451
Style Fourplex
Bedrooms 8
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1904
Annual Tax Amount $4,113
Lot Size 5,183 Sqft
Acres 0.119
Lot Dimensions 38X136
Property Sub-Type Multi Family
Property Description
Extensively updated 4-unit multifamily property on Hertel Ave. featuring approximately 4,550 sq. ft. with four spacious 2-bedroom, 1-bath apartments. Fully occupied with established tenants and current gross rents of $5,250/month ($63,000 annually). Three units rent for $1,300/month and one for $1,350/month.
All units have separate utilities, with tenants responsible for gas and electric. Recent updates include remodeled kitchens and baths, flooring, windows, doors, appliances, and two replacement boilers. Appliances have been recently replaced throughout. Three apartments have separate laundry-hookups in the basements; unit 2 has in-unit laundry hook-up.
Additional features include a large detached 2+ car garage with new roof and updated exterior, offering approximately $300/month potential rental income, plus three rear parking spaces and a newly redone blacktop driveway. Several units offer bonus spaces and upgraded amenities, including a sauna/hot tub, private balcony, fireplaces, office/storage areas, and upgraded lighting.
A well-maintained, income-producing property with strong occupancy, tenant-paid utilities, substantial recent capital improvements, parking, and additional income potential.
Location
State NY
County Erie
Area Buffalo City-140200
Direction Elmwood or Niagara to Hertel
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Flooring Laminate, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Spaces 2.0
Utilities Available Sewer Connected, Water Connected
Garage Yes
Building
Lot Description Irregular Lot, Near Public Transit, Residential Lot
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Fourplex
Level or Stories Two
Structure Type Vinyl Siding,Wood Siding
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-077-680-0003-022-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Nearby Locations
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