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450 Colvin Avenue, Buffalo, NY 14216

$1,400,000
: 12
BD
: 3,924
SqFt

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List Price: $1,400,000
Status: ACTIVE
Days on Market: 3
MLS#: B1719012
Subtype: Multi Family
Year Built: 1910
Bedrooms: 12
Living Area: 3,924
Lot Size: 5,250
Acres: 0.12
MLS Area Major: Buffalo City

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Property Description

Welcome to an excellent opportunity to own a three-property investment portfolio in North Buffalo! Each property features four one-bedroom apartments, for a total of 12 units. The other two properties are 255 Saranac Ave, Buffalo, NY 14216 and 2500 Delaware Ave, Buffalo, NY 14216. The portfolio is approximately 75% occupied and is being sold as one package. A great opportunity for investors looking to expand their rental portfolio with multiple income-producing properties in a desirable Buffalo location. When fully leased, the properties are projected to generate more than $160,000 in annual revenue, with additional upside and the potential for an even greater return. “Some photos have been AI-enhanced for brightness and tenant privacy"

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Additional Information

Exterior Features: See Remarks
Taxes: $14,935
Flooring: Carpet, Laminate, Varies, Vinyl
Appliances: Appliances Negotiable, Gas Water Heater
Heating: Gas, Baseboard
Stories: 2
Levels: Two
Roof: Asphalt
Parking Features: Two Spaces
School District: Buffalo