789 Crescent AveBuffalo, NY 14216

For Sale
$589,900
Buffalo 3-unit apartment building, high rental potential.

Overview

Added:
Dec 11, 2024
Days on market:
125
This exceptional three-unit apartment building, located at 789 Crescent Ave in Buffalo, NY, presents a compelling investment opportunity. Built in 1920, this three-story structure boasts 4,474 square feet on a 0.09-acre lot. The property features three units, each with its own in-unit laundry. Two units offer three bedrooms and one bathroom, a spacious living and dining area, a bonus sunroom/office, and refinished hardwood floors. The third unit includes two large bedrooms, a sizable living area, and an updated kitchen. Significant recent updates include nearly all new vinyl replacement windows, a 12-year-old roof, maintenance-free siding, two newer furnaces, three newer hot water tanks, new central air conditioning on the second floor, and new window AC units on the third floor. The property also benefits from separate utilities for each unit, updated kitchens and bathrooms in all units, and a recently updated basement drain tile system. Off-street parking is available. Its prime location offers easy access to Delaware Park. With a potential rental income exceeding $5,500 at full occupancy, this property is ideal for owner-occupants seeking to offset expenses or investors looking for a strong return. Detailed financial information, including cap rates, is available upon request. Showings are scheduled for specific dates and times.

Highlights

  • Three-unit apartment building in Buffalo, NY, offering strong rental income potential exceeding $5,500 per month.
  • 4,474 sq ft building on a 0.09-acre lot, constructed in 1920.
  • Three units with in-unit laundry; two 3-bed/1-bath units with sunrooms and refinished hardwood floors; one 2-bed unit with updated kitchen.
  • Recent updates include new vinyl windows, 12-year-old roof, maintenance-free siding, newer furnaces, hot water tanks, and central air conditioning.
  • Separate utilities, updated kitchens and bathrooms, updated basement drain tile, and off-street parking.
  • Prime location near Delaware Park.

Property Details for 789 Crescent Ave

Property type
Apartment buildings
Square Feet
4,474 SF
Year Built
1920
Buildings
1
Stories
3
Lot Size (sq. ft)
3,920 SF
Units
3

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.9435101
Longitude
-78.8562902
789 Crescent Ave, Buffalo, New York

FAQs

What type of property is this?
Apartment building - Buffalo 3-unit apartment building, high rental potential.
Where is the apartment building located?
The property is located at 789 Crescent Ave Buffalo, NY.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: Three-unit apartment building in Buffalo, NY, offering strong rental income potential exceeding $5,500 per month.; 4,474 sq ft building on a 0.09-acre lot, constructed in 1920.; Three units with in-unit laundry; two 3-bed/1-bath units with sunrooms and refinished hardwood floors; one 2-bed unit with updated kitchen.
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789 Crescent Ave
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