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- Available
Multi Family Residence
Buffalo (NY), United States
$3,950 per slot
22 Briggs Ave, Buffalo, NY 14207
A mature real estate market with favourable returns.
Average occupancy 80%
Mature real estate where demand never sleeps, with favorable returns.
Projected annual yield 11%
3% from capital appreciation and 8% from average rental income.
Investment duration
Recommended standard 2 - 5 years
Property Overview
This 3/3 double is a rare Buffalo gem with Niagara River views, modern updates, and classic charm. Property features include complete tear off roof (2024), wide driveway with easy access to large 2 car garage. Both units have spacious living and dining rooms with beautiful hardwood floors and gorgeous leaded glass windows. The home is move in ready with full attic and basement offering plenty of storage. Located just minutes from the 190, provides convenient access to public transportation and local conveniences including a boat launch.
Financial Details
Total Property Value
$395,000
Price Per Slot
$3,950
Aquisition & Legal Fees (3%)
$11,850
Total Cost Per Slot (incl. fees)
$4,069
Projected Returns
Projected Gross Rent
$31,600 (8% of value)
Management fees (7%)
$2,212
Operating/Service Expenses (3%)
$948
Projected Net Income
$28,440
Net ROI Per Slot (on $3,950)
11% annually
Additional Details
- Bedroom
- 6
- Bathroom
- 2
- Area
- Int - 2,499 Sq Ft.
Ext -
Location
Buffalo NY, United States