89 Wyoming Ave, Buffalo, NY 14215 | 89 Wyoming Ave
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89 Wyoming Ave, Buffalo, NY 14215 89 Wyoming Ave
2 Unit Apartment Building $114,000 ($57,000/Unit) 15.89% Cap Rate Buffalo, NY 14215
Investment Highlights
- High CAP %14.5
- Highly desirable area for rent. Situated in a convenient location near local establishments.
Executive Summary
Hot sale! Below Market! Similar house just sold for $156,000. Owner need money to sell fast.
Excellent CAP.
Buyer brokers welcome. Seller will pay BUYER FEE of %3.
Each 2 Br unit in this area we recently renting for $950-1200, considering the most expected expenses for city taxes, county taxes, water and insurance + small maintenance from previous years experience and annual NET income $18,240, CAP of %14.5 is realistic.
Current tenants were given 30 day notice and will be vacated to increase the rent profit prior closing.
House can be sold vacant or rented at closing with reputable management company in place.
If you want house rented to new tenants, we will do it after strict process of verification or their income, credit score and previous tenancy history.
Fantastic opportunity to own rental property in safe neighborhood in high demand. This 4-bedroom, 2-bathroom, 1,408 sqft double allow you to live rent free in lower and rent out upper or have extra income and retire on passive income as a rental investment. Situated in a convenient location near local establishments. Will generate substantial return, making it a valuable addition to any real estate portfolio.
Excellent CAP.
Buyer brokers welcome. Seller will pay BUYER FEE of %3.
Each 2 Br unit in this area we recently renting for $950-1200, considering the most expected expenses for city taxes, county taxes, water and insurance + small maintenance from previous years experience and annual NET income $18,240, CAP of %14.5 is realistic.
Current tenants were given 30 day notice and will be vacated to increase the rent profit prior closing.
House can be sold vacant or rented at closing with reputable management company in place.
If you want house rented to new tenants, we will do it after strict process of verification or their income, credit score and previous tenancy history.
Fantastic opportunity to own rental property in safe neighborhood in high demand. This 4-bedroom, 2-bathroom, 1,408 sqft double allow you to live rent free in lower and rent out upper or have extra income and retire on passive income as a rental investment. Situated in a convenient location near local establishments. Will generate substantial return, making it a valuable addition to any real estate portfolio.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $114,000 | Property Type | Multifamily |
| Price Per Unit | $57,000 | Property Subtype | Apartment |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 15.89% | Building Size | 1,408 SF |
| Sale Conditions | 1031 Exchange | No. Stories | 3 |
| No. Units | 2 | Year Built/Renovated | 1939/2024 |
| Price | $114,000 |
| Price Per Unit | $57,000 |
| Sale Type | Investment |
| Cap Rate | 15.89% |
| Sale Conditions | 1031 Exchange |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.11 AC |
| Building Size | 1,408 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1939/2024 |
Unit Amenities
- Basement
Site Amenities
- Fenced Lot
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 2 | $1,075 | 750 |
zoning
| Zoning Code | N-3R (Residential) |
| N-3R (Residential) |
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89 Wyoming Ave, Buffalo, NY 14215 | 89 Wyoming Ave
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