1582 Delaware Ave

Buffalo NY 14209

7450 sq. ft.

6644 sq. ft.

Multi-Family

Currently for sale - view listing

Overview

**1582 Delaware Avenue – Buffalo, NY** Excellent opportunity to own an income-producing four-unit apartment property in a desirable North Buffalo location! This well-maintained multifamily property features four residential units generating **$5,650 in monthly rental income ($67,800 annually)**, the opportunity to build long-term equity. Each apartment has separate gas and electric meters, with tenants responsible for their individual utilities, while the owner currently provides heat, water, and trash service. The property has benefited from numerous improvements, including updated kitchen cabinetry in two apartments, a new porch, replacement water heater, new refrigerator and dishwasher, and a coin-operated laundry machine. Partial plumbing pipe replacements have also been completed throughout the apartments and basement in recent years. Additional income potential is provided by the coin-operated laundry. Whether you're an experienced multifamily investor expanding your portfolio or looking to acquire your first investment property, this four-unit is an attractive combination of established rental income, ongoing improvements, and future upside. A great opportunity to own a solid multifamily asset in Buffalo!

Features

12 bedrooms

4 bathrooms

7450 sq. ft. floor area

6644 sq. ft. lot size

Multi-Family

Property history for 1582 Delaware Ave

2019

Sold

$485,000

04 Nov 2019 by Robert Blake, of HUNT Real Estate ERA

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