Property photo 1
7 Beds
3 Baths
3,114 sqft

$658,250

428 Norwood Avenue, Buffalo NY, 14222

Price per sqft$211.38
Built in1905
Property size3,114 sqft
Property typeMulti-family

Overview

Sold

Closed

Listed Sep 26, 2024

Updated Jun 1

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.

Additional information

MLS® ID
B1567882

Interior Features

Bedrooms
7
Bathrooms
3
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$5,231
Tax Frequency
Annually
Municipality
Not Applicable
Furnished
Yes
MLS provider logo

 

Courtesy of Iconic Real Estate, Joseph Strano

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