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Sold for $430,000 on 02/28/24
  • $430,000

    328 Olmstead Ave, Depew, NY 14043

    9beds
    5,650sqft
    Triplex, Multi Family
    Built in 1907
    -- sqft lot
    $439,300 Zestimate®
    $76/sqft
    $1,793 Estimated rent

    What's special

    Fully occupied 3-unit residential building featuring an attached 3-car multi-bay garage, with two bays currently rented for $100 each per month. Additionally, there's a 1000 sqft outbuilding equipped with 100Amp electric service and a heating unit, presently rented for $795/month. The property includes two 3-bedroom, one-bathroom units in the front (upper and lower), and a two-story 3-bedroom, one-bathroom townhouse in the rear. The total monthly income is $5,045, with all tenants on a month-to-month lease. The sale also encompasses an adjacent vacant lot to the west, totaling 0.57 acres. The 3-unit building has a 3 year roof, and the outbuilding and sheds roofs were replaced last year. Each unit has separate gas and electric meters, with the owner only responsible for water expenses. This is an excellent investment opportunity with consistent income and significant potential for growth.

    Zillow last checked: 7 hours ago

    Listing updated: March 26, 2024 at 09:08am

    Listed by:

    Erik Arneth 716-213-8784,

    Keller Williams Realty WNY

    Bought with:

    Jonathan Miller, 10401342542

    WNY Metro Roberts Realty

    Source: NYSAMLSs,MLS#: B1513011MLS LogoOriginating MLS: Buffalo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 9
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Gas, Baseboard, Forced Air
    Cooling
    • Central Air
    Appliances
    • Included: Gas Water Heater
    • Laundry: Washer Hookup
    Features
    • Ceiling Fan(s), Storage, Skylights, Natural Woodwork
    • Flooring: Carpet, Hardwood, Luxury Vinyl, Varies
    • Windows: Skylight(s)
    • Basement: Full,Sump Pump
    • Has fireplace: No
    Interior area
    • Total structure area: 5,650
    • Total interior livable area: 5,650 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Common, Concrete, Paved, Two or More Spaces
    • Garage spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    Lot
    • Size: 0.57 Acres
    • Dimensions: 90 x 278
    • Features: Residential Lot
    Details
    • Parcel number: 1452011042400004039000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Other,See Remarks,Triplex
    • Property subtype: Triplex, Multi Family
    Materials
    • Vinyl Siding, Copper Plumbing, PEX Plumbing
    • Foundation: Block, Poured
    • Roof: Asphalt
    Condition
    • Resale
    • Year built: 1907

    Utilities & green energy

    • Electric: Circuit Breakers
    • Sewer: Connected
    • Water: Connected, Public
    • Utilities for property: Sewer Connected, Water Connected

    Community & neighborhood

    Location
    • Region: Depew

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA
    Services availability