630 Hertel Avenue, Buffalo, NY 14207

$750,000
: 8
BD
: 4
BA
: 4,550
SqFt

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List Price: $750,000
Status: ACTIVE
Days on Market: 8
MLS#: B1717451
Subtype: Residential
Style: Fourplex
Architectural Style: Fourplex
Year Built: 1904
Bedrooms: 8
Bathrooms: 4
Full Baths: 4
Living Area: 4,550
Lot Size: 5,182
Acres: 0.12
MLS Area Major: Buffalo City

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Property Description

TURNKEY 4-UNIT MULTIFAMILY | FULLY OCCUPIED | $63,000 ANNUAL RENT 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.

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Additional Information

Taxes: $4,113
Property Description: Fourplex
Flooring: Laminate, Varies
Appliances: Gas Water Heater
Heating: Gas, Forced Air
Stories: 2
Levels: Two
Parking Features: Two or More Spaces
Garage Spaces: 2
School District: Buffalo