$295,000
$295,000
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6 Beds
4 Baths
4,312 SqFt
SOLD DATE : 07/21/2025
Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,312 sqft
Price per Sqft $68
MLS Listing ID R1596138
Sold Date 07/21/25
Bedrooms 6
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1920
Annual Tax Amount $4,101
Lot Size 3,049 Sqft
Acres 0.07
Lot Dimensions 30X76
Property Sub-Type Multi Family
Property Description
BACK ON MARKET - not the Seller's fault! Buyer financing fell through!
Class C, 4-Unit, N-2R zoned property between Cold Springs and Elmwood Village being sold at a 9.6% Cap Rate. Two units receive public assistance, deferred maintenance includes two 30 year old furnaces. Structural reinforcement applied. Comparable properties have sold for an average of $481,833 comps available for review. Seller is selling below market value mindful of the deferred maintenance costs. Water tanks range in age from 2020 to 2024. PROS: Market rents $3,850 per month. Attic has enough space to be developed into a 5th unit with proper permits. Being sold AS-IS.
Location
State NY
County Erie
Area Buffalo City-140200
Direction Slight right onto Richmond Ave ? 0.1 mi Turn left onto Summer St ? 0.5 mi Turn left onto Delaware Ave ? 1.1 mi At Gates Cir, take the 1st exit onto Lafayette Ave ? 0.2 mi Turn right onto Oxford Ave
Rooms
Basement Partial
Interior
Heating Gas, Other, See Remarks
Cooling Other, See Remarks
Flooring Hardwood, Varies
Fireplace No
Appliance Gas Water Heater, See Remarks, Water Heater
Exterior
Utilities Available Sewer Connected, Water Connected
Building
Lot Description Rectangular, Rectangular Lot
Story 2
Sewer Connected
Water Connected, Public
Level or Stories Two
Structure Type Other,See Remarks,Vinyl Siding
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-100-240-0001-006-000
Acceptable Financing Cash, Conventional, FHA, Private Financing Available, Rehab Financing
Listing Terms Cash, Conventional, FHA, Private Financing Available, Rehab Financing
Financing Other,See Remarks
Special Listing Condition Standard
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Bought with Howard Hanna WNY Inc.
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