Active
428 Norwood Avenue
Buffalo NY, 14222
$679,000
$218.05 per sqft
Active
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 5, 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
9
Garage
No
Parking
Concrete, On Street, Two or More Spaces
View
No
County
Erie
Municipality
Not Applicable
Water Source
Connected, Public
Pool
No
Courtesy of Iconic Real Estate, Joseph Strano
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Data last updated 5:39 PM UTC, 10/5/2024