52 Locust Street
$389,900
5
5,760
5,760
$68
Description
Welcome to 52 Locust St in the city of Buffalo! This beautifully updated multi-family property offers a unique investment opportunity. The main house features four spacious units, while an additional unit is situated in the back house, providing a total of five rentable spaces. With three of the five units currently tenant-occupied, this property generates immediate rental income. It’s an ideal choice for an owner-occupant looking to offset their mortgage, or for a seasoned investor seeking to expand...Welcome to 52 Locust St in the city of Buffalo! This beautifully updated multi-family property offers a unique investment opportunity. The main house features four spacious units, while an additional unit is situated in the back house, providing a total of five rentable spaces. With three of the five units currently tenant-occupied, this property generates immediate rental income. It’s an ideal choice for an owner-occupant looking to offset their mortgage, or for a seasoned investor seeking to expand their portfolio. This property is being sold at an 8.15% cap rate with room to increase!
- Listed by Ryan Burke • Iconic Real EstateP: (716)-236-7644 C: (716)-572-2848 rbrealestatewny@gmail.com
- Listed by Christopher Winiecki • Iconic Real EstateP: (716)-236-7644 C: (716)-534-3510 chris@giambrateam.com
Property Details for 52 Locust Street
On Waterfront
No
Parking DescriptionNone, No Driveway, No Garage
Nearest Cross StreetVirginia St
LISTING UPDATED: 11/07/2024 02:22 PM
Property Details for 52 Locust Street
Status | Active |
---|---|
MLS # | B1570448 |
Days on Market | 45 |
Taxes | $2,351 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Other |
Year Built | 1910 |
Lot Size | 0.07 AC / 3,000 SF |
County | Erie County |
Building Information for 52 Locust Street
Stories2Residences5Year Built1910Building Size-Lot Size0.07 AC / 3,000 SF
Property Information for 52 Locust Street
Property History for 52 Locust Street
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 52 Locust Street
Taxable ValueLand$3,000Additions$87,000Total$90,000
Tax Record2023$468 ($39 / month)
Home Facts
Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtUnfinished Basement SqFt1,188 SqFtStories2Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningN-2RCountyERIEAPN140200 111.24-8-17
Schools near 52 Locust Street
This home is within Buffalo City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | 5 to 12 | |||
Public - | PK to 6 | |||
Public - | PK to 4 |
Rating | School | Distance |
---|---|---|
Marva J Daniel Futures Preparatory School PublicPK to 8 | ||
City Honors School At Fosdick Masten Park Public5 to 12 | ||
Martin Luther King Jr #48 PublicPK to 6 | ||
Stanley Makowski Early Childhood Center PublicPK to 4 |
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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