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1441 Electric AVE Buffalo, NY 14218
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Key Details
Sold Price $225,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,191 sqft
Price per Sqft $43
Subdivision Buffalo Crk Reservation
MLS Listing ID B1541369
Sold Date 10/09/24
Style Triplex
Bedrooms 5
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1947
Annual Tax Amount $8,343
Lot Size 3,001 Sqft
Acres 0.0689
Lot Dimensions 30X100
Property Description
Welcome to this mixed-use, income generating property in Lackawanna, NY. This corner lot offers a unique investment opportunity. The property features a commercial space on the lower level, two rental apartments on the second floor, a two-car garage, a spacious parking lot that can accommodate over ten vehicles, a full basement, and a full attic. The current tenants provide a steady rental income of $2,700 (store $1100, upper front $650, upper back $950) per month. Updates were done in last few years are - new furnace for upper (2021) new hot water tank (2021), newly installed gutters all around the roof (2021) and updated parking lot fence. The property is conveniently located within walking distance of the City of Lackawanna downtown and Erie County Botanical Garden. Location near public transportation, major highways and various amenities are just minutes away. Offers will be reviewed as they are received.
Location
State NY
County Erie
Community Buffalo Crk Reservation
Area Lackawanna-City-140900
Direction Peach Street to 1441 Electric Avenue. Please use GPS.
Rooms
Basement Full
Interior
Heating Gas, Forced Air
Cooling Central Air
Flooring Carpet, Laminate, Varies, Vinyl
Fireplace No
Appliance Gas Water Heater
Exterior
Garage Spaces 2.0
Utilities Available Sewer Connected, Water Connected
Waterfront No
Roof Type Asphalt
Garage Yes
Building
Lot Description Corner Lot, Near Public Transit, Residential Lot
Story 2
Foundation Poured
Sewer Connected
Water Connected, Public
Architectural Style Triplex
Level or Stories Two
Structure Type Vinyl Siding
Construction Status Existing
Schools
School District Lackawanna
Others
Senior Community No
Tax ID 140900-142-540-0003-008-000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
Special Listing Condition Standard
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Bought with NON MLS