Investment Opportunity! A well-maintained multifamily property in the heart of Buffalo, offering 10 income-generating units, including a mix of one-bedroom, two-bedroom, three-bedroom, and studio apartments. With a strong rental history and all units currently occupied, this property provides immediate cash flow and long-term stability for investors. Each apartment is spacious and designed for comfortable living, with tenants responsible for their own deposits. Current rents range from $650 to $950 per month, bringing in a solid monthly gross income of $8,400 and an annual gross potential of $100,800. Located on a convenient transit corridor, 2961 Bailey Ave is close to shopping, schools, and public transportation, making it attractive to renters year-round. Whether you’re expanding your portfolio or seeking your next high-performing asset, this property is a turnkey investment with consistent returns.
OPEN HOUSE ON NOVEMBER 14TH. 11 AM TO 1 PM
Features
12 bedrooms
7532 sq. ft. floor area
crop_free4905 sq. ft. lot size
cottageMulti-Family
Property history for 2961 Bailey Avenue
2022
Sold
$265,000
24 Oct 2022 by Wilma Moman, of Class A Real Estate
Happy sellers in Buffalo
87%
sentiment_very_satisfied
87% of sellers in Buffalo reported that their sale price either exceeded or met their price expectations.
Buffalo stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.
This is based on voluntary sentiment collected from 3 reviews in Buffalo over the last 12 months.
Local market activity for 12 bedroom multi families in Buffalo
Sold
For Sale
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