227 Abbott Road

Buffalo, NY 14220

$489,000
Price
5
Beds
6,641 Sq. Ft.
$74 / Sq. Ft.
6,641
Sq. Ft.
$74
per Sq. Ft.

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!
  1. Listed by Jerrold R Thompson II • Century 21 North East
    P: (716)-652-0232 C: (716)-864-7863 c21jerry@gmail.com

Property Details for 227 Abbott Road

On Waterfront
No
Parking Description
One Space, Driveway
Nearest Cross Street
Southside
LISTING UPDATED: 10/19/2024 03:36 PM

Property Details for 227 Abbott Road

StatusActive
MLS #B1572825
Days on Market34
Taxes$5,812 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Other
Year Built1920
Lot Size0.23 AC / 10,236 SF
CountyErie County

Building Information for 227 Abbott Road

Stories3Residences6Year Built1920Building Size-Lot Size0.23 AC / 10,236 SF

Property Information for 227 Abbott Road

Summary
Location and General Information
  • Elementary School Name: Other - See Remarks
  • Elementary School District: Buffalo
  • High School Name: Other - See Remarks
  • High School District: Buffalo
  • Middle School Name: Other - See Remarks
  • Middle Or Junior School District: Buffalo
  • Village: Not Applicable
  • Human YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Buffalo City-140200
  • Tax Annual Amount: $5,812.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 6641.0
  • Land Features: Near Public Transit, Rectangular, Residential Lot
  • Num Of Acres: 0.23
  • Lot Size Area: 0.23
  • Lot Size Square Feet: 10236.0
  • Lot Size Units: Acres
  • Parcel Number: 140200-133-230-0004-001-000
  • Road Frontage: City Street, Main Thoroughfare
  • Lot Number: 2
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $243,000
  • Year Built: 1920
  • Year Built Description: Existing
  • Property Sub Type Additional: Other
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 8
  • Num Of Gas Meters: 7
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Community Features: Laundry Facilities, Storage Facilities
  • Construction Materials: Brick, Copper Plumbing
  • Exterior Features: Blacktop Driveway
  • Roof Description: Flat, Membrane, Rubber
Interior Features
  • Appliances: Gas Cooktop, Gas Water Heater, Refrigerator
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 5
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Ceramic Tile, Hardwood, Tile, Varies, Vinyl
  • Furnished: Unfurnished
  • Heating: Gas, Baseboard, Hot Water, Radiant
  • Heating YN: Yes
  • Interior Features: Natural Woodwork
  • Laundry Features: Common Area, Coin Operated
  • Sq Ft Total: 6641.0
  • Main Level Bathrooms: 0
  • Window Features: Thermal Windows
Multi Family
Multi-Family Information
  • Gross Annual Income: $51,900.00
  • Net Operating Income: $36,788.00
  • Number Of Units Total: 6
  • Operating Expenses: $9,300.00
  • Operating Expense Includes: Electric, Fuel, Insurance, Snow Removal, Utilities, Water Sewer
  • Stories: 3
  • Stories Total: 3
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Heat, Snow Removal, Trash Collection, Water
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 227 Abbott Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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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227 Abbott Road is a multi-family home for sale in Buffalo, NY 14220. This property was listed for sale on October 18, 2024 by Century 21 North East, it's currently listed at $489,000. This listing's school district is Buffalo City School District. Nearby schools include Southside Elementary School, South Park High School and Lorraine Elementary School. 227 Abbott Road is a 5-bed, 0-bath, 6,641 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 North East

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.