36 Callodine Avenue, Amherst, NY 14226

Property Description

Exceptional investment opportunity in the highly sought-after Amherst School District! This spacious legal two-family offers a rare oversized layout — the second-floor unit spans two levels, with the third floor providing additional bedroom space and significantly more living area than a typical upper unit. Both apartments have been tastefully updated with vinyl flooring, newer cabinetry, fresh paint, and other cosmetic improvements. The first-floor unit is vacant and move-in ready, making showings a breeze and giving the new owner flexibility to rent immediately at market rates or occupy it themselves. The first-floor unit was most recently leased at $1,600/month. The second-floor unit currently rents for $1,725/month on a month-to-month basis — well below what its size and bedroom count can support, offering clear upside on turnover. The property features a full basement with 2 furnaces, 2 hot water tanks, separate gas and electric meters, and a detached 2-car garage. Ideally situated just minutes from the University at Buffalo South Campus, shopping, restaurants, public transportation, and the I-290, this location continues to attract strong tenant demand. Whether you're expanding your portfolio or looking to live in one unit while collecting rental income from the other, this well-maintained property offers immediate cash flow with room for growth. Don't miss this opportunity! Offers, if any, will be reviewed as they are received.