Standardized Operating Procedure of Purchase

Location, location, location! Excellent opportunity to own a three-unit multifamily investment
property with an included adjacent vacant lot in Buffalo’s highly desirable and appreciating
West Side neighborhood. Located near Elmwood Village, Allentown, Kleinhans Music Hall,
D’Youville University, shopping, dining, and public transportation, this property offers strong
rental demand and long-term upside. The building features three residential units including a
large 4-bedroom apartment, a studio/1-bedroom unit, and a well-updated 1-bedroom
apartment, all with functional layouts and excellent income potential. One unit is currently
rented at $1,000 per month, with projected annual gross income exceeding $41,000, while
maintaining low annual property taxes of approximately $3,000—an ideal combination for cash
flow and appreciation. Recent capital improvements include updated electrical service with
three separate meters, vinyl siding, numerous vinyl replacement windows, newer hot water
tanks (2018, 2022, and 2023), and a high-efficiency furnace installed in 2025. Interior spaces
offer flexibility for owner-occupants or investors, including open living and dining areas,
updated flooring and paint in select units, and future value-add potential in the upper
apartment. The included vacant parcel at 155 Fargo Ave adds rare flexibility—ideal for off-
street parking, additional green space, or future development (buyer to verify). Off-street
parking is currently accessed via Cobb Alley, a valuable amenity in this location. Whether you’re
searching for a Buffalo investment property, a house-hacking opportunity, or a multi-unit rental
with upside, 157 Fargo Avenue delivers income, location, and versatility in one compelling
package.