1 /
10
Map
$637,222*
●
Multifamily -
Off Market
405 Prospect Avenue
Buffalo, NY 14201
Studio
0 Bath
7933 Sqft
$472,000 - $576,000
Reference Base Price*
21.61%
Since May 1, 2021
National-US
Primary Model
About This Property
Showings start on January 30th and 31st from 1:00pm-3:00pm (must
make appointment). All brick 6 unit building located in historic
and architecturally charming West Side neighborhood one block from
Niagara Street and a few blocks from D'Youville College. 405
Prospect is two buildings (front building 4 units, back building 2
units) with a newer tear off architectural shingle roof. Gas and
electric is included in only 2 of the apartments, the other 4 units
have separate gas and electric utility expenses maintained by
existing tenants. The front building is well built with a strong
stone basement and back house is slab on grade, mechanically the
home features newer forced air units and hot water tanks, with
circuit breakers, some new plumbing and mostly new vinyl windows.
This building has been managed by the same owner since 2004 and
shouldn't have a ton of deferred maintenance. Coin-op laundry in
the basement. Rents can be increased with cosmetic upgrades to make
this investment worth your time and energy, however the property is
existing and performing in its current state. The potential gross
income is $59,940 (all actual rents besides vacant unit) and net
income is $38,684.85.
The manager has listed the unit size as 7933 square feet.
The manager has listed the unit size as 7933 square feet.
Unit Size
7,933Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$66
Property Type
Multifamily
Property Taxes
$9,351
HOA Dues
-
Year Built
1900
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Oct 15, 2021 | Sold | $500,000 | |
Sold | |||
Apr 27, 2021 | No longer available | - | |
No longer available | |||
Mar 12, 2021 | Price Decreased |
$524,000
↓ $1K
(0.2%)
|
|
Price Decreased | |||
Mar 7, 2021 | Relisted | $525,000 | |
Relisted | |||
Mar 3, 2021 | No longer available | - | |
No longer available |
Show More
Property Highlights
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
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
01/25/2021
|
|
Studio
|
-
|
7933 ft²
|
$525,000
Studio
-
7933 ft²
|
$500,000
-4.76%
10/15/2021
|
-
|
Nicholas Giambra
|