116 Herkimer Street, Buffalo, NY 14213

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Property Description

West Side investment gem with three good rents, accompanied by hard working tenants. This four unit property offers the kind of combination investors look for: income already in place, a value-add opportunity, and a location that puts you in the middle of some of Buffalo's most desirable neighborhoods. Three apartments are currently rented, providing immediate rental income, while the fourth unit is vacant and ready for renovation giving the next owner an opportunity to improve the unit and potentially increase the property's overall income. Location is a major part of the value here. Just steps from Elmwood Village and the Allentown District, this property puts tenants within easy reach of some of Buffalo's best restaurants, coffee shops, bars, boutiques, entertainment, parks, and neighborhood amenities. That proximity helps make the property attractive to renters who want the lifestyle and walkability of Elmwood and Allentown without paying the premium associated with being directly in those neighborhoods. For an investor, that means three existing income streams today, an opportunity to create additional value tomorrow, and a location that continues to benefit from the demand surrounding two of Buffalo's most established urban neighborhoods. Whether you're looking to expand your portfolio or take on your next value-add project, this property deserves a look.

116 Herkimer Street | MLS# B1717334

This multi-family property located at 116 Herkimer Street, Buffalo, NY 14213 is currently listed for sale with an asking price of $275,000. Herkimer Street is located within the Buffalo school district. Search Buffalo real estate on stephanie-vogel.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.10 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $5,230
Year Built: 1900

Amenities

Attic

Feature Descriptions

Appliances: Gas Water Heater
Days on Site: 4
Exterior: Composite Siding, Wood Siding
Flooring: Hardwood, Tile, Varies
Laundry: Washer Hookup
Lot: Other, Rectangular, Rectangular Lot, See Remarks
Lot Dimensions: 30X150
Parcel#: 140200-099-340-0005-017-000
Parking: No Driveway
Parking Notes: No Driveway
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Buffalo

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Estimated Payment

$ 1,128.07 per month $612.03 Principal & Interest $435.83 Property Tax $80.21 Homeowner's Insurance

Change Payment Information

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yearly
yearly (est.)
(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Main Woods Real Estate
Agency Phone: 716-348-9676

Shown By

Agent Name: Stephanie Vogel
Agent Phone: (518) 332-4659 Cell
Agency Title: Coldwell Banker Prime Properties

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