52 Locust Street

Buffalo, NY 14204

$389,900
Price
Beds
5,760 Sq. Ft.
$68 / Sq. Ft.
5,760
Sq. Ft.
$68
per Sq. Ft.

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!
  1. Listed by Ryan Burke • Iconic Real Estate
    P: (716)-236-7644 C: (716)-572-2848 rbrealestatewny@gmail.com
  2. Listed by Christopher Winiecki • Iconic Real Estate
    P: (716)-236-7644 C: (716)-534-3510 chris@giambrateam.com

Property Details for 52 Locust Street

On Waterfront
No
Zoning Code
N-2R
Nearest Cross Street
Virginia St
LISTING UPDATED: 11/07/2024 02:23 PM

Property Details for 52 Locust Street

StatusActive
MLS #B1570449
Days on Market45
Taxes$2,351 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1910
Lot Size0.07 AC / 3,000 SF
CountyErie County

Building Information for 52 Locust Street

Stories2Residences5Year Built1910Lot Size0.07 AC / 3,000 SF

Property Information for 52 Locust Street

Summary
Location and General Information
  • Elementary School District: Buffalo
  • High School District: Buffalo
  • Middle Or Junior School District: Buffalo
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Parking Total: .00
Taxes and HOA Information
  • Area NYSWIS Code: Buffalo City-140200
  • Tax Annual Amount: $2,351.00
Property
Lot Information
  • Building Area Total: 5760.0
  • Num Of Acres: 0.0689
  • Lot Size Area: 0.0689
  • Lot Size Square Feet: 3000.0
  • Lot Size Units: Acres
  • Num Of Buildings: 2
  • Parcel Number: 140200-111-240-0008-017-000
  • Lot Number: 17
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $90,000
  • Year Built: 1910
  • Year Built Description: Existing
  • Zoning Description: Residential 2 Unit
  • Property Sub Type Additional: Apartment
Utilities
  • Sewer Description: Public Sewer
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Public
Interior and Exterior Features
Exterior Features
  • Roof Description: Asphalt
Interior Features
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Levels: Two
  • Sq Ft Total: 5760.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
  • Operating Expense Includes: Insurance, Maintenance, Professional Management, Water Sewer
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease YN: No
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 52 Locust Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
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.

Similar Homes

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52 Locust Street is for sale in Buffalo, NY 14204. This property was listed for sale on October 7, 2024 by Iconic Real Estate, it's currently listed at $389,900. It has been on the market for a total of 45 days and was last sold on December 10, 2020. This listing's school district is Buffalo City School District. Nearby schools include Marva J Daniel Futures Preparatory School, City Honors School At Fosdick Masten Park and Martin Luther King Jr #48. 52 Locust Street is a 0-bed, 0-bath, 5,760 sqft built in 1910.

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 Iconic Real Estate

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.