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97 Merrimac Street, Buffalo, NY 14214

$259,000
: 9
BD
: 3
BA
: 2,250
SqFt

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List Price: $259,000
Status: ACTIVE
Days on Market: 3
MLS#: B1718331
Subtype: Residential
Style: Duplex
Architectural Style: Duplex
Year Built: 1920
Bedrooms: 9
Bathrooms: 3
Full Baths: 3
Living Area: 2,250
Lot Size: 3,450
Acres: 0.08
MLS Area Major: Buffalo City

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Property Description

Nine bedrooms, two spacious apartments, and a property ready to earn its keep. Whether you’re looking to live in one unit while collecting rent from the other or put both to work as an investment, this substantial Buffalo two-family offers a combination of space and income potential that’s hard to find. The lower apartment features five bedrooms, while the upper offers four, all spacious, legal bedrooms approved by the City of Buffalo. How often do you find that much room in a single apartment, let alone two under one roof? With potential rental income approaching $4,000 per month, low City of Buffalo taxes, and a projected cap rate exceeding 12%, depending on actual income and expenses, this property gives buyers plenty to get excited about. A new driveway adds convenience, generous attic and basement storage keeps the living spaces free of clutter, and a full bathroom in the basement adds another practical bonus. Close to the University at Buffalo, Main Street, and everyday amenities, the location strengthens an already compelling opportunity. For an owner occupant, imagine having rental income help carry your housing costs. For an investor, imagine two unusually spacious apartments working toward one impressive monthly return. Big on bedrooms, strong on potential, and ready for its next chapter, this is a property built to pull its weight.

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Additional Information

Exterior Features: Balcony
Taxes: $2,445
Property Description: Duplex
Flooring: Carpet, Hardwood, Tile, Varies
Appliances: Gas Water Heater
Heating: Gas, Forced Air
Stories: 2
Levels: Two
Roof: Asphalt
Foundation: Stone
Parking Features: Paved, Two or More Spaces
School District: Buffalo