348 Virginia Street Buffalo NY 14201 MLS #B1570075

An amazing investment opportunity in highly-desirable Allentown! 348 Virginia is TWO, 2-Family homes on a single parcel, in an unbeatable and convenient location-ideal for investors or owner-occupants! Each structure offers both upper & lower units. The front house includes a spacious lower 3-bed, with updated vinyl flooring and currently rented to a tenant of 4+ yrs at $950/m. The bright & cozy upper 1-bed has fresh paint, updated windows, flooring, kitchen, new refrigerator & is ready for its new owner or great tenant. Both units in the rear house are 1-bed apts that are mirror images of each other. The upper is a tenant of 4+ yrs at $700/m. The rear lower also has fresh paint, new flooring, updated cabinetry, new refrigerator & ready for its next resident. Both homes feature maintenance free vinyl siding, newer roofs (’15), w updated electrical systems, plumbing upgrades, & newer HWTs—all delivers peace of mind for the property’s new owner. Coveted off-street parking, w dedicated spaces for each unit as well as green space between the homes. Past gross annual income of $42,000, commanding an amazingly attractive cap-rate, priced to sell and well below assessed value at an unheard of $97,500/unit. Positioned in historic Allentown, the property sits just steps from the area’s shopping, restaurants, nightlife and a short walk to Day’s Park, Klienhan’s Music Hall, the Medical Corridor, and downtown. Don’t miss the rare chance to own this multi-unit property in a prime and desirable location! Please allow 24-48hr notice to view rented spaces. Open house Saturday, January 25th from 1pm-3pm