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2322 Seneca Street, Buffalo, NY 14210

$249,900
: 4,824
SqFt

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List Price: $249,900
Status: PENDING
Days on Market: 70
Price Change: ▼ $49,100 1772504683
MLS#: B1656519
Subtype: Commercial Sale
Year Built: 1856
Living Area: 4,824
Lot Size: 4,270
Acres: 0.10
Subdivision: Buffalo Crk Reservation
Neighborhood: Buffalo Crk Reservation
MLS Area Major: Buffalo City

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Property Description

Fantastic investment opportunity for this Mixed-Use building in the heart of South Buffalo's Cazenovia Park neighborhood! Located right on Seneca street, and within walking distance to the park, as well as numerous other shops, restaurants, and theaters. Both apartments and the retail space are tenant occupied, with below market rents, generating over $34,000 in gross revenue. Projected revenue is $43,200. This property offers a 8.63% cap rate at the projected revenue, and 6.40% with the current revenue. Within the past 5 years: new roof, restored bathrooms, updated plumbing, two new furnaces, one a/c unit, and one hot water tank. The upper unit has a restored kitchen, newer windows, and solid surface countertops. New facade, updated commercial windows, and new exterior paint, including a charming mural! Sale of this property includes the vacant lot next door, which has great potential for expansion, development, or a parking lot. Can also be sold as a bundle with four additional investment properties on Seneca Street: MLS# 1657116

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Additional Information

Taxes: $2,956
Zoning: N-3C
Flooring: Hardwood, Linoleum, Varies, Vinyl
Heating: Gas, Forced Air
Air Conditioning: Central Air
Stories: 2
Levels: Two
Roof: Asphalt
Parking Features: On Site
School District: Buffalo