Active
48 Rand Avenue
Buffalo NY, 14216
$384,900
$123.60 per sqft
Active
5 Beds
3 Baths
3,114 sqft
Multi-family
Built in 1910
Prime 3-Unit Investment Property in Ideal Location - Fully Occupied!
Welcome to 48 Rand Avenue, a well-maintained, income-generating multi-family property featuring 3 fully-occupied units. This property boasts a solid rental history with a current rent roll of $3,010 per month, making it a fantastic opportunity for both investors and owner-occupants.
Property Features
Upper Unit: Spacious 3-bedroom, 1-bath unit with beautiful hardwood floors.
Lower Front Unit: Large 1-bedroom apartment offering ample living space.
Lower Rear Unit: Cozy 1-bedroom unit, perfect for tenants seeking comfort and affordability.
Parking: Off-street parking for 3 cars, including a covered garage.
Updates:
Vinyl siding installed (11-2014)
Complete tear-off roof with architectural shingles (6-2013)
New steam boiler for the upper unit (6-2016)
Various flooring and kitchen updates throughout the property
This low-maintenance property has been thoughtfully updated to ensure long-term durability and tenant satisfaction.
Don't miss out on this turnkey investment opportunity!
B1568974
MLSⓇ ID
October 8, 2024
Listed
October 24, 2024
Updated
Map
48 Rand Avenue
Buffalo NY, 14216
Interior Features
Total Stories
2
Bedrooms
5
Total Bathrooms
3
Full Bathrooms
3
Appliances
Gas Water Heater
Floor Description
Carpet, Ceramic Tile, Hardwood, Laminate, Luxury Vinyl, Tile, Varies
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Gas, Baseboard, Forced Air
Exterior/Building Features
Lot Size
0.12 Acres
Exterior Features
Deck, Fence, Patio
Lot Features
Other, See Remarks
Architectual Style
Triplex
Roof
Asphalt
Sewer
Connected
School Information
School District
Buffalo
Other Property Details
Area Name
Buffalo City-140200
Taxes
$5,537
Tax Frequency
Annually
Days on Market
16
Garage
Yes
Garage Spaces
3
Parking
Garage, Paved, Parking Available, Two or More Spaces
View
No
County
Erie
Municipality
Not Applicable
Water Source
Connected, Public
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
10/24/2024 | Price change | $384,900 -7% |
Courtesy of Buffalo Property Partners LLC, Christopher P Wietig
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Data last updated 3:54 PM UTC, 10/24/2024