227 Abbott Road
$489,000
5
6,641
6,641
$74
Description
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...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!
- Listed by Jerrold R Thompson II • Century 21 North EastP: (716)-652-0232 C: (716)-864-7863 c21jerry@gmail.com
Property Details for 227 Abbott Road
On Waterfront
No
Parking DescriptionOne Space, Driveway
Nearest Cross StreetSouthside
LISTING UPDATED: 10/19/2024 03:36 PM
Property Details for 227 Abbott Road
Status | Active |
---|---|
MLS # | B1572825 |
Days on Market | 34 |
Taxes | $5,812 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Other |
Year Built | 1920 |
Lot Size | 0.23 AC / 10,236 SF |
County | Erie County |
Building Information for 227 Abbott Road
Stories3Residences6Year Built1920Building Size-Lot Size0.23 AC / 10,236 SF
Property Information for 227 Abbott Road
Property History for 227 Abbott Road
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 227 Abbott Road
Taxable ValueLand$11,200Additions$231,800Total$243,000
Tax Record2023$1,263 ($105 / month)
Home Facts
Total Finished SqFt5,041 SqFtAbove Grade Finished SqFt5,041 SqFtUnfinished Basement SqFt1,600 SqFtStories2Lot Size5,170 SqFtStyleMulti-Family Res (5+ Units)Year Built1920ZoningN-3ECountyERIEAPN140200 133.23-4-1
Schools near 227 Abbott Road
This home is within Buffalo City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 9 to 12 | |||
Public - | PK to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Southside Elementary School PublicPK to 8 | ||
South Park High School Public9 to 12 | ||
Lorraine Elementary School PublicPK to 8 | ||
P.S. 27 Hillery Park Academy PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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