SOLD: 1697 & 1701 Seneca St., Buffalo, NY
8 Unit (2 bedrooms in each unit)
9,984 sq. ft.
Sale Price: $500,000
MLS #: B1210477
Broker: Mark Bookhagen 716-867-4508
8 Unit Money Maker! Sale includes 1697 and 1701 Seneca St. - two side by side 4-unit buildings (all 2 bedroom units), which makes for very easy management and decreased operating costs. Huge potential upside for buyer with the Seneca St revival! Gross rents $73,500/year (11.49% cap rate!); Separate utilities; tenants pay all utilities except water/garbage. Full basements with many updated furnaces/water heaters; updated/newer electric (all circuit breakers); Roofs appear to be very solid: both may have been full tear offs; one was done in 2007; many new windows. Great for investors looking to do a 1031 Exchange!