1831 Park Ave Buffalo, NY 14220

Listing details for 1831 Park Ave, Buffalo, NY 14220 : Endless opportunity with this 4-unit property in the heart of South Buffalo! This value-add asset is primed for stabilization and offers strong upside potential for the right investor. The vacant three residential units consist of two spacious 2-bedroom units with market rents projected at $1,200/month each. One studio unit with a walk-out porch, which has an estimated rent of $950/month. A storefront with an existing tenant currently on a month-to-month lease who is open to signing a longer-term agreement. This brings the total stabilized rent to $4350 per month and $52,200 per year. Recent updates include newer windows, updated electrical service, a new furnace for the commercial space, and hardwood floors throughout much of the property. This is a great Brrrr opportunity for an investor looking for cash flow on the appreciating rents in South Buffalo. The carriage house next door is also available for a package deal.