1892 Seneca Street, Buffalo, NY 14210

Property Description

Fantastic investment opportunity! Both apartments are tenant occupied, as well as the deli storefront. This property offers a 7.76% cap rate with the current below market rents and brings in over $33,000/year in gross rental income. Projected gross rental income should be $40,800/year. Roof has been replaced within the last 8 years. Facade and commercial windows were replaced within the last 2 years. Tenants are long term and would like to stay. Back apartments (upper and lower) are tenant occupied, and each have 2 bedrooms and 1 full bathroom. Storefront can be shown between 9:00am-8:00pm daily. Back unit tenant apartments require tenants to be present- 24 hour notice is required, 48 hour preferred. Lower tenant has availability after 4pm and on certain days off. Can also be sold as a bundle with five additional investment properties on Seneca Street, including a vacant lot: MLS#B1657116