Pending

428 Norwood Avenue

Buffalo NY, 14222

$679,000


$218.05 per sqft

Pending

7 Beds

3 Baths

3,114 sqft

Multi-family

Built in 1905

Welcome to 428 Norwood, in the Elmwood Village. This 3-Unit Property is a rare opportunity in one of Buffalo's most sought-after communities. 1st Floor tenant has flexibility in lease leaving room for an owner-occupied unit. Financials provided in the attachments, $48,964.00 in NOI. a 7.21% Cap Rate. Reference attachments for floor plans. Each unit has separate utilities, High-efficiency forced air furnaces for the first and second floor units, central AC, gas hot water tanks and 100-Amp electrical services. Separate laundry for each unit. 1st-floor unit features a large living space, completely remodeled kitchen with a massive center island. 2 large bedrooms and a perfect work from home office space as well. Screened-in porch off the back. 2nd floor unit is a spacious 3-bedroom with an open floor plan and a completely remodeled kitchen. 3rd-floor unit makes an amazing usage of the square footage and the attention to detail in the remodeling throughout the property is just as apparent. This unit is currently being used on STR sites. Concrete driveway with parking for 3 vehicles. Stately exterior loaded with historical charm and the updates provide the convenience of modern living.

B1567882

MLS ID

September 26, 2024

Listed

October 15, 2024

Updated

Map

428 Norwood Avenue
Buffalo NY, 14222

Interior Features

Total Stories

3


Bedrooms

7


Total Bathrooms

3


Full Bathrooms

3


Interior Features

Ceiling Fan(s), Skylights


Appliances

Gas Water Heater


Floor Description

Carpet, Hardwood, Luxury Vinyl, Tile, Varies


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Gas, Forced Air

Exterior/Building Features

Lot Size

0.1 Acres


Exterior Features

Balcony


Lot Features

Rectangular, Residential Lot


Architectual Style

Triplex


Roof

Asphalt


Sewer

Connected

School Information

School District

Buffalo

Other Property Details

Area Name

Buffalo City-140200


Taxes

$5,231


Tax Frequency

Annually


Days on Market

12


Garage

No


Parking

Concrete, On Street, Two or More Spaces


View

No


County

Erie


Municipality

Not Applicable


Water Source

Connected, Public


Pool

No

Listing History

Date

Event

Price

10/9/2024

Pending

 

Courtesy of Iconic Real Estate, Joseph Strano

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