3-unit money maker with potential to bring in over $3,100 per month in rent plus coin operated laundry. Existing 2 tenants plan to stay and HUGE vacant 3br upper apartment with estimated market value $1,350 - $1,400 could easily be the owners unit! 2nd floor upper apartment boasts finished 3rd story living space that essentially doubles the size of the unit. Lower front unit has already signed lease renewal for increase from $775 to $805 per month beginning 5/1/2024. Lower rear leased through 9/30/2024. With some creativity the basement could be turned into an additional rental unit with separate entrance. An easy addition to any portfolio with professional management already in place. Located near bus route and minutes from major highways!
Closed
$209,000
505 Ridge Rd #503, Buffalo, NY 14218
6beds
3,276sqft
Triplex, Multi Family
Built in 1910
-- sqft lot
$222,600 Zestimate®
$64/sqft
$1,624 Estimated rent
Home value
$222,600
$205,000 - $243,000
$1,624/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: June 28, 2024 at 10:49am
Listed by:
Christopher J Lofstrand 716-609-4075,
Nichol City Realty
Bought with:
George R Bauer, 10401211614
HUNT Real Estate Corporation
Source: NYSAMLSs,MLS#: B1532161
Originating MLS: Buffalo
Originating MLS: BuffaloFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Gas, Forced Air
Appliances
- Included: Electric Water Heater, Gas Water Heater
- Laundry: Common Area
Features
- Attic, Programmable Thermostat
- Flooring: Laminate, Varies, Vinyl
- Basement: Full,Sump Pump
- Has fireplace: No
Interior area
- Total structure area: 3,276
- Total interior livable area: 3,276 sqft
Property
Parking
- Parking features: No Driveway
Features
- Stories: 3
- Patio & porch: Deck
- Exterior features: Awning(s), Deck, Fence
- Fencing: Partial
Lot
- Size: 4,408 sqft
- Dimensions: 32 x 137
- Features: Near Public Transit
Details
- Parcel number: 1409001423700002010000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Triplex
- Property subtype: Triplex, Multi Family
Materials
- Aluminum Siding, Block, Concrete, Steel Siding, Copper Plumbing, PEX Plumbing
- Foundation: Block
- Roof: Asphalt
Condition
- Resale
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Connected
- Water: Connected, Public
- Utilities for property: Sewer Connected, Water Connected
Community & neighborhood
Location
- Region: Buffalo
- Subdivision: Buffalo Crk Reservation
Other
Other facts
- Listing terms: Cash,Conventional,FHA,Private Financing Available
Price history
| Date | Event | Price |
|---|---|---|
| 6/28/2024 | Sold | $209,000$64/sqft |
Source:  NYSAMLSs #B1532161 | ||
| 4/29/2024 | Pending sale | $209,000$64/sqft |
Source: NYSAMLSs #B1532161 | ||
| 4/16/2024 | Listed for sale | $209,000$64/sqft |
Source: NYSAMLSs #B1532161 | ||
Public tax history
Tax history is unavailable.
Neighborhood: Lackawanna
Nearby schools
GreatSchools rating
- 3/10Martin Road Elementary SchoolGrades: 2-5Distance: 1.1 mi
- 4/10Lackawanna Middle SchoolGrades: 6-8Distance: 1.5 mi
- 2/10Lackawanna High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- District: Lackawanna
Source: NYSAMLSs. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.