257 Ideal St | 257 Ideal St
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257 Ideal St 257 Ideal St
3 Unit Apartment Building $160,000 ($53,333/Unit) Buffalo, NY 14206
Investment Highlights
- fully occupied
- exterior painted fall of 2024
- current CoO provided
Executive Summary
Welcome to 257 Ideal St Buffalo NY 14206. This 3 unit (2/2/4) is tenant occupied with tenants who would like to stay. Owner has kept up with maintenance throughout the years of ownership. Lower front unit has a space heater w/Hot water tank in the kitchen. Upper unit has 4 small bedrooms with a forced air furnace located in the attic. Lower rear unit has space heater with hot water tank in the kitchen with Freshly painted interior, & newer flooring. A few replacement windows thruout, newer roof, most of exterior was painted this past summer, separate utilities, and a fully fenced back yard. Current CoO provided. All units have their own laundry hookups. Sewer fee included in City taxes. User Fee $330/yr
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$25,700
|
$6.28
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$25,700
|
$6.28
|
| Taxes |
$970
|
$0.24
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$970
|
$0.24
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $25,700 |
| Annual Per SF | $6.28 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $25,700 |
| Annual Per SF | $6.28 |
| Taxes | |
|---|---|
| Annual | $970 |
| Annual Per SF | $0.24 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $970 |
| Annual Per SF | $0.24 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $160,000 | Apartment Style | Low Rise |
| Price Per Unit | $53,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.09 AC |
| Sale Conditions | 1031 Exchange | Building Size | 4,090 SF |
| No. Units | 3 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1910 |
| Price | $160,000 |
| Price Per Unit | $53,333 |
| Sale Type | Investment |
| Sale Conditions | 1031 Exchange |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.09 AC |
| Building Size | 4,090 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1910 |
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
- Attic
- Basement
- Lawn
Site Amenities
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Free
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $550.00 | - |
| 4+1 | 2 | $800.00 | - |
| 2+1 | 3 | $875.00 | - |
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zoning
| Zoning Code | N-3R |
| N-3R |
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257 Ideal St | 257 Ideal St
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