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49, 51, 54 Merrimac Street, Buffalo, NY 14214

$799,900
: 14
BD
: 5
BA
: 2,364
SqFt

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List Price: $799,900
Status: ACTIVE
Days on Market: 323
MLS#: B1655023
Subtype: Residential
Style: Other, See Remarks, Fourplex
Architectural Style: Other, See Remarks, Fourplex
Year Built: 1920
Bedrooms: 14
Bathrooms: 5
Full Baths: 4
Half Baths: 1
Living Area: 2,364
Lot Size: 3,450
Acres: 0.24
MLS Area Major: Buffalo City

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Property Description

This three-property portfolio, located just minutes from the University at Buffalo, is a fully leased, turnkey investment. 49 Merrimac: 2,364 Sq. Ft. 51 Merrimac: 1,194 Sq. Ft. 54 Merrimac: 1,624 Sq. Ft. The total package includes four units comprised of 14 bedrooms and 4.5 bathrooms, all currently rented with steady cash flow. Each property is well-maintained and situated in a strong rental neighborhood. An ideal opportunity for investors seeking a turnkey, income-generating portfolio in a rental market with consistent demand. Rent includes utilities up to a capped dollar amount per month. Taxes (2025 County/2024-5 School/City), 54 Merrimac was built in 1928.

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Additional Information

Interior Features: Ceiling Fan(s), Storage, Natural Woodwork
Exterior Features: Balcony, Fully Fenced, Fence, Private Yard, See Remarks
Taxes: $10,160
Property Description: Other, See Remarks, Fourplex
Zoning: Other - See Remarks
Flooring: Hardwood, Varies
Appliances: Gas Water Heater
Heating: Gas, Baseboard, Forced Air, Hot Water, Radiant, Steam
Stories: 2
Levels: Two
Roof: Asphalt
Parking Features: Parking Available, Two or More Spaces
School District: Buffalo