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339 Rhode Island Street, Buffalo, NY 14213

$1,500,000
: 15
BD
: 15,925
SqFt

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List Price: $1,500,000
Status: ACTIVE
Days on Market: 180
Price Change: ▼ $250,000 1783041687
MLS#: R1680577
Subtype: Multi Family
Year Built: 1900
Bedrooms: 15
Living Area: 15,925
Lot Size: 3,450
Acres: 0.08
MLS Area Major: Buffalo City

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Property Description

INCREDIBLE OPPORTUNITY TO OWN A FULLY RENOVATED BUILDING IN THE DEMAND FIVE POINTS NEIGHBORHOOD. THE PROPERTY WAS PURCHASED BY THE CURRENT OWNERS IN 2013 AFTER HAVING BEEN VACANT FOR OVER A DECADE. AT THAT POINT THE BUILDING HAD NO FUNCTIONING MECHANICAL SYSTEMS. THE PROPERTY WENT THROUGH A 2 YEAR RENOVATION THAT REQUIRED A FULL GUT AND ALL NEW MECHANICAL SYSTEMS, PLUMBING, ELECTRICAL, HEATING, FIRE SPRINKLER, EVERYTHING. THE PROPERTY HAS BEEN FULLY LEASED SINCE. THERE ARE 7 ONE BEDROOM APARTMENTS, 4 TWO BEDROOM APARTMENTS, 1 COMMERCIAL SPACE AS WELL AS AN AT&T CELL TOWER LEASE. THERE IS SOME LAND INCLUDED ON RHODE ISLAND. THE BUILDING IS 2 SHORT BLOCKS TO THE FIVE POINTS INTERSECTION THAT IS BUSTLING WITH CAFES, RETAIL AND RESTAURANTS.

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Additional Information

Taxes: $22,455
Flooring: Carpet, Hardwood, Laminate, Varies
Appliances: Dryer, Gas Water Heater, Washer
Heating: Gas, Forced Air
Stories: 4
Roof: Membrane, Rubber
Parking Features: None, No Driveway, No Garage
School District: Buffalo