116 Herkimer ST Buffalo, NY 14213
UPDATED:
Key Details
Property Type Multi-Family, Mobile Home
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,699 sqft
Price per Sqft $70
MLS Listing ID B1717334
Bedrooms 6
Full Baths 4
Construction Status Existing
HOA Y/N No
Year Built 1900
Annual Tax Amount $5,230
Lot Size 4,499 Sqft
Acres 0.1033
Lot Dimensions 30X150
Property Sub-Type Multi Family
Property Description
Three apartments are currently rented, providing immediate rental income, while the fourth unit is vacant and ready for renovation giving the next owner an opportunity to improve the unit and potentially increase the property's overall income.
Location is a major part of the value here. Just steps from Elmwood Village and the Allentown District, this property puts tenants within easy reach of some of Buffalo's best restaurants, coffee shops, bars, boutiques, entertainment, parks, and neighborhood amenities. That proximity helps make the property attractive to renters who want the lifestyle and walkability of Elmwood and Allentown without paying the premium associated with being directly in those neighborhoods.
For an investor, that means three existing income streams today, an opportunity to create additional value tomorrow, and a location that continues to benefit from the demand surrounding two of Buffalo's most established urban neighborhoods. Whether you're looking to expand your portfolio or take on your next value-add project, this property deserves a look.
Location
State NY
County Erie
Area Buffalo City-140200
Direction Meets at Ferguson and Herkimer
Rooms
Basement Full
Interior
Interior Features Attic
Heating Gas, Forced Air
Flooring Hardwood, Tile, Varies
Fireplace No
Appliance Gas Water Heater
Laundry Washer Hookup
Exterior
Utilities Available Sewer Connected, Water Connected
Roof Type Asphalt
Building
Lot Description Other, Rectangular, Rectangular Lot, See Remarks
Story 3
Sewer Connected
Water Connected, Public
Structure Type Composite Siding,Wood Siding
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-099-340-0005-017-000
Acceptable Financing Cash, Conventional, Rehab Financing
Listing Terms Cash, Conventional, Rehab Financing
Special Listing Condition Standard
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