227 & 229 Abbott Road
Buffalo, NY, 14220
$489,000
5 Beds
0 Baths
6,641 SqFt
0.23 Acres
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This classic 6-unit rental property is a prime investment opportunity with historic feel and architecture and good cap rate, in great Abbott Road South Buffalo Location. Impressive architecture, and ample off-street parking, it’s perfect for investors. The property features 6 well-maintained residential units, each with its own storage unit, on site parking, and Common Laundry. An added spacious garage close to 42 x40 with two 10 foot high entry doors has significant potential for conversion into additional rental opportunity, Currently, the garage generates $400/month from a tenant, but it offers room for over 6 cars and could bring even more income if converted. With a gross annual income exceeding $51k, this property is fully occupied and each unit is thoughtfully cared for including windows. The sale includes the adjoining lot at 229, providing tenants with plenty of parking. Plus, there’s a convenient bus stop right out front. This is a fantastic opportunity that shouldn’t be missed!

Property Details

Price:
$489,000
MLS #:
B1572825
Status:
Active
Beds:
5
Baths:
0
Address:
227 & 229 Abbott Road
Type:
Single Family
Subtype:
Other
Subdivision:
South Buffalo
Neighborhood:
Buffalo City-140200
City:
Buffalo
Listed Date:
Oct 18, 2024
State:
NY
Finished Sq Ft:
6,641
Total Sq Ft:
6,641
ZIP:
14220
Lot Size:
10,236 sqft / 0.23 acres (approx)
Year Built:
1920
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Schools

School District:
Buffalo
Elementary School:
Other – See Remarks
Middle School:
Other – See Remarks
High School:
Other – See Remarks

Interior

Appliances
Gas Cooktop, Gas Water Heater, Refrigerator
Flooring
Ceramic Tile, Hardwood, Tile, Varies, Vinyl
Heating
Gas, Baseboard, Hot Water, Radiant
Laundry Features
Common Area, Coin Operated

Exterior

Community Features
Laundry Facilities, Storage Facilities
Construction Materials
Brick, Copper Plumbing
Exterior Features
Blacktop Driveway
Parking Features
One Space, Driveway
Roof
Flat, Membrane, Rubber

Financial

Net Operating Income
$36,788
Taxes
$5,812

Map

Community

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227 & 229 Abbott Road
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