1286 Broadway, Buffalo, NY 14212
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1286 Broadway, Buffalo, NY 14212
1286 Broadway, Buffalo, NY 14212
1286 Broadway, Buffalo, NY 14212
1286 Broadway, Buffalo, NY 14212
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Michelle Thompson

Michelle Thompson

+1(315) 794-3260
$ 149,900
Est. payment /mo
Save
Pending

1286 Broadway Buffalo, NY 14212

6 Beds

5 Baths

3,906 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Mobile Home

Sub Type Multi Family

Listing Status Pending

Purchase Type For Sale

Square Footage 3,906 sqft

Price per Sqft $38

MLS Listing ID B1656902

Style Other,See Remarks

Bedrooms 6

Full Baths 5

Construction Status Existing

HOA Y/N No

Year Built 1920

Annual Tax Amount $1,310

Lot Size 3,902 Sqft

Acres 0.0896

Lot Dimensions 32X119

Property Sub-Type Multi Family

Property Description

Excellent investment opportunity on Buffalo's East Side! This 3-unit multi-family property at 1286 Broadway is offered at an attractive price point of $149,900, ideal for investors seeking a cash cow with value-add potential and long-term cash flow. Annual Gross Rents of $36,660 and low taxes yielding a healthy NOI 15.5% CAP at the asking price! The property features three separate units with functional layouts, offering flexibility for leasing strategies. Lower 3 bedroom is comprised of 3 subtenants and shared kitchen facility (rent reflects combined sub-rents). Conveniently located on a major corridor with easy access to public transportation.

Strong upside potential through rent optimization and light improvements as well as additional structure that could be used for commercial or an additional 4th residential unit! Whether you're expanding your portfolio or entering the multi-family market, this property presents an affordable opportunity in a high-demand rental area. Sold as-is. Proof of funds or pre-approval required with offers.

Location

State NY

County Erie

Area Buffalo City-140200

Rooms

Basement None

Interior

Heating Gas, Forced Air

Flooring Other, See Remarks

Fireplace No

Appliance Gas Water Heater

Exterior

Utilities Available Sewer Connected, Water Connected

Building

Lot Description Corner Lot, Rectangular, Rectangular Lot

Story 2

Sewer Connected

Water Connected, Public

Architectural Style Other, See Remarks

Level or Stories Two

Structure Type Composite Siding

Construction Status Existing

Schools

School District Buffalo

Others

Senior Community No

Tax ID 140200-112-220-0003-006-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Listed by HUNT Real Estate Corporation 716-864-1929

NEARBY SCHOOLS & PROPERTIES

Michelle Thompson

Michelle Thompson

Lic. RE Salesperson | License ID: 40FA1156159

+1(315) 794-3260

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