Location. Location. Location. In the heart of the Elmwood Village with so many salons, restaurants, shops, bars, gorgeous architecture, amazing gardens and so many other amenities. CASH COW with monthly rental income of $10,625.00 (annual income $121,125.00). 16 units rooming house with 1 bed apt, 4 studios and 11 rooms. 2 Additional bonus rooms are ready to be in use for storage or other needs. All big tickets were taken care of. The metal roof was power-washed and freshly painted. Brand new carpet throughout. The most parts of the interior were freshly painted and many other miscellaneous updates. The building offers low maintenance and directly managed by the owner.
Formerly built as a hotel and perfect for Air B&B. The rear lot would be ideal for the redevelopment project of another 5+ apartment building.
Very commutable and walkable. Just 5 minutes’ drive to Oishei Children hospital which employs 234 people and General Hospital Buffalo General Medical Center/Gates Vascular Institute where a total of 9675 people is working and closed to downtown areas of Buffalo. Add this CASH COW investment property to your portfolio.