630 Hertel Avenue, Buffalo, NY 14207

Property Description

TURNKEY 4-UNIT MULTIFAMILY | FULLY OCCUPIED | $63,000 ANNUAL RENT Extensively updated 4-unit multifamily property on Hertel Ave. featuring approximately 4,550 sq. ft. with four spacious 2-bedroom, 1-bath apartments. Fully occupied with established tenants and current gross rents of $5,250/month ($63,000 annually). Three units rent for $1,300/month and one for $1,350/month. All units have separate utilities, with tenants responsible for gas and electric. Recent updates include remodeled kitchens and baths, flooring, windows, doors, appliances, and two replacement boilers. Appliances have been recently replaced throughout. Three apartments have separate laundry-hookups in the basements; unit 2 has in-unit laundry hook-up. Additional features include a large detached 2+ car garage with new roof and updated exterior, offering approximately $300/month potential rental income, plus three rear parking spaces and a newly redone blacktop driveway. Several units offer bonus spaces and upgraded amenities, including a sauna/hot tub, private balcony, fireplaces, office/storage areas, and upgraded lighting. A well-maintained, income-producing property with strong occupancy, tenant-paid utilities, substantial recent capital improvements, parking, and additional income potential.