1582 Delaware Avenue, Buffalo, NY 14209

New - 13 Hours Ago

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Property Description

**1582 Delaware Avenue - Buffalo, NY** Excellent opportunity to own an income-producing four-unit apartment property in a desirable North Buffalo location! This well-maintained multifamily property features four residential units generating **$5,650 in monthly rental income ($67,800 annually)**, the opportunity to build long-term equity. Each apartment has separate gas and electric meters, with tenants responsible for their individual utilities, while the owner currently provides heat, water, and trash service. The property has benefited from numerous improvements, including updated kitchen cabinetry in two apartments, a new porch, replacement water heater, new refrigerator and dishwasher, and a coin-operated laundry machine. Partial plumbing pipe replacements have also been completed throughout the apartments and basement in recent years. Additional income potential is provided by the coin-operated laundry. Whether you're an experienced multifamily investor expanding your portfolio or looking to acquire your first investment property, this four-unit is an attractive combination of established rental income, ongoing improvements, and future upside. A great opportunity to own a solid multifamily asset in Buffalo!

1582 Delaware Avenue | MLS# B1728555

This home located at 1582 Delaware Avenue, Buffalo, NY 14209 is currently listed for sale with an asking price of $625,000. This property was built in 1930 and has 12 bedrooms and 4 full baths with 7450 sq. ft. Delaware Avenue is located within the Buffalo school district. Search Buffalo real estate on www.timberlandproperties.com today.

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Property Features

Property Type: Residential - Multiple
Basement: Full
Heating: Gas, Baseboard
Home Style: Fourplex
Lot Size: 0.15 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $6,285
Year Built: 1930

Amenities

Balcony

Feature Descriptions

Appliances: GasWaterHeater
Exterior: ShakeSiding
Flooring: CeramicTile, Hardwood, Varies
Lot: NearPublicTransit, Rectangular, RectangularLot
Lot Dimensions: 44X151
Parcel#: 140200-089-630-0003-011-000
Parking: Paved, TwoOrMoreSpaces
Parking Notes: Paved, TwoOrMoreSpaces
Patio/Porch: Balcony
Sewer: Connected
Units: 4
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Buffalo

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Estimated Payment

$ 2,097.02 per month $1,390.98 Principal & Interest $523.75 Property Tax $182.29 Homeowner's Insurance

Change Payment Information

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(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Greco Real Estate.Com
Agency Contact: chris@grecorealestate.com

Shown By

Agency Title: Timberland Properties
Agency Phone: 845-586-3321

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