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Key Details
Sold Price $387,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,114 sqft
Price per Sqft $124
MLS Listing ID B1568974
Sold Date 02/21/25
Style Triplex
Bedrooms 5
Full Baths 3
Construction Status Existing
HOA Y/N No
Year Built 1910
Annual Tax Amount $5,537
Lot Size 5,266 Sqft
Acres 0.1209
Lot Dimensions 39X135
Property Sub-Type Multi Family
Property Description
Prime 3-Unit Investment Property in Ideal Location – Fully Occupied!
Welcome to 48 Rand Avenue, a well-maintained, income-generating multi-family property featuring 3 fully-occupied units. This property boasts a solid rental history with a current rent roll of $3,010 per month, making it a fantastic opportunity for both investors and owner-occupants.
Property Features
Upper Unit: Spacious 3-bedroom, 1-bath unit with beautiful hardwood floors.
Lower Front Unit: Large 1-bedroom apartment offering ample living space.
Lower Rear Unit: Cozy 1-bedroom unit, perfect for tenants seeking comfort and affordability.
Parking: Off-street parking for 3 cars, including a covered garage.
Updates:
Vinyl siding installed (11-2014)
Complete tear-off roof with architectural shingles (6-2013)
New steam boiler for the upper unit (6-2016)
Various flooring and kitchen updates throughout the property
This low-maintenance property has been thoughtfully updated to ensure long-term durability and tenant satisfaction.
Don't miss out on this turnkey investment opportunity!
Location
State NY
County Erie
Area Buffalo City-140200
Direction Delaware or Edge Park to Rand Avenue
Rooms
Basement Full
Interior
Heating Gas, Baseboard, Forced Air
Flooring Carpet, Ceramic Tile, Hardwood, Laminate, Luxury Vinyl, Tile, Varies
Fireplace No
Appliance Gas Water Heater
Exterior
Exterior Feature Deck, Fence, Patio
Garage Spaces 3.0
Fence Partial
Utilities Available High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Porch Deck, Patio
Garage Yes
Building
Lot Description Other, See Remarks
Story 2
Sewer Connected
Water Connected, Public
Architectural Style Triplex
Level or Stories Two
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-078-790-0002-025-000
Acceptable Financing Cash, Conventional, FHA, USDA Loan, VA Loan
Listing Terms Cash, Conventional, FHA, USDA Loan, VA Loan
Financing Conventional
Special Listing Condition Standard
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Bought with Keller Williams Realty WNY