$195,000
●
Multifamily -
Off Market
238 West Avenue
Buffalo, NY 14201
Studio
0 Bath
$201,462
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model
About This Property
WOW! Buffalo 3-Family/Triplex. Amazing investment opportunity
near Elmwood Ave & the one and only Allentown. Great Location
with a huge driveway for off street parking, over 3000 Sqft with a
full basement. Lower Unit is a 4 bedroom, 2 Upper units are both 2
bedrooms.
-Priced currently at 12.27% Cap rate if fully occupied in current condition. A lot of Room for renovations & improvements. If you decide to Invest another $75k in Renovations at current List price your still looking at over a 10% Cap Rate with increased rental income. Pro Forma in Attachments.
Rent all the units or owner occupy, rent out the other 2. Possibilities with this property are endless. Sold "AS-IS".
-Priced currently at 12.27% Cap rate if fully occupied in current condition. A lot of Room for renovations & improvements. If you decide to Invest another $75k in Renovations at current List price your still looking at over a 10% Cap Rate with increased rental income. Pro Forma in Attachments.
Rent all the units or owner occupy, rent out the other 2. Possibilities with this property are endless. Sold "AS-IS".
Unit Size
-
Days on Market
87 days
Land Size
0.09 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
$270
HOA Dues
-
Year Built
1890
Last updated: 2 years ago (NYSAMLS #B1432881)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 14, 2022 | Sold to Annette N Novelli, John Blood | $195,000 | |
| Sold to Annette N Novelli, John Blood | |||
| Oct 19, 2022 | In contract | - | |
| In contract | |||
| Sep 12, 2022 | Listed by Keller Williams Realty WNY | $189,900 | |
| Listed by Keller Williams Realty WNY | |||
Property Highlights
Garage
238 West Avenue
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Condo
1
Bed
1
Bath
-
$180,000
Jan 25, 2021
$180,000
Jun 29, 2021
$378/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
09/12/2022
|
|
Studio
|
-
|
-
|
$189,900
Studio
-
|
$195,000
+2.69%
12/08/2022
|
-
|
Anthony Dubreville
Keller Williams Realty WNY
|
Building Info
About West Side
Similar Homes for Sale
Nearby Rentals
$1,500 /mo
- 1 Bed
- 1 Bath
- 800 ft²
$1,650 /mo
- 3 Beds
- 1 Bath
- 1,189 ft²
Last Updated: 2 years ago
Data Source: NYSAMLSs, MLS# B1432881
Data Source: NYSAMLSs, MLS# B1432881
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc.
