$239,900 Price Analysis    ♡   Amherst, NY 14226 5 bed 2 bath 1,504 SqFt ($159/SqFt) 7,125SqFt lot. Built 1948 Listed 2024-04-21, Taxes $4,762 | Ⓧ USDA Ineligible due to location near Buffalo |
Presenting a lucrative investment opportunity in a highly sought-fter area of Amherst
* Sale Pending *Close to the University at Buffalo South Campus. This single- family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a vast layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has the potential to generate close to $3, 000 per month in rental income, ensuring a robust return on investment from day one.
The constant demand from students guarantees high occupancy rates, making this a worry-free investment. For those looking to enter the investment market, this property offers a fantastic opportunity with fantastic positive cash flow. It is not a house, but a steady income stream and a foothold in the thriving rental market near a major university. Dont miss out on this exceptional opportunity to own a prime piece of real estate with significant income potential in Amherst.
Presented by Thejan Geesara Kodituwakku at
Keller Williams Realty NY.
Property MLS #B1533074 from NYStateAlliance
Bedrooms On Main Level: 2
Basement Description: Full
Full Bathrooms: 2
Bathrooms On Main Level: 1
BedroomonMainLevel
Flooring: Hardwood, Laminate, Varies
GasWaterHeater
Microwave
Refrigerator
Washer
Laundry Features: InBasement
Heating: Yes
Road Frontage Type: CityStreet
Lot Size Acres: 0.1635675
Lot Size Dimensions: 50X142
Lot Size Square Feet: 7125
Parking Features: NoGarage
Calculated Total Monthly Association Fees: 0
High School District: Amherst
Middle or Junior School District: Amherst
Map directions Map directions Map directions Map directionsSource Listing Status: Pending
County: Erie
Cross Street: Maynard Dr
Directions: USE GPS
Source Property Type: Residential
Area: Amherst-142289
Source Neighborhood: Amherst-142289
Parcel Number: 142289-067-650-0003-020-000
Postal City: Buffalo
Property Subtype: SingleFamilyResidence
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $94,000 + $26,000 $120,000 | $4,762 |
| 2022 | $94,000 + $26,000 $120,000 | $4,574 |
| 2021 | $94,000 + $26,000 $120,000 | $4,647 |
| 2020 | $94,000 + $26,000 $120,000 | $4,352 |
| 2018 | $94,000 + $26,000 $120,000 | $4,212 |
| 2016 | $94,000 + $26,000 $120,000 | $4,448 |
| 2015 | $97,300 + $14,700 $112,000 | $4,325 |
| 2014 | $97,300 + $14,700 $112,000 | $3,990 |
| 2014 | $97,300 + $14,700 $112,000 | $3,976 |
| 2013 | $97,300 + $14,700 $112,000 | $4,109 |
| 2012 | $97,300 + $14,700 $112,000 | $4,162 |
| 2011 | $97,300 + $14,700 $112,000 | $4,361 |
| 2010 | $97,300 + $14,700 $112,000 | $4,399 |
| 2009 | $101,900 + $13,100 $115,000 | $6,113 |
| 2007 | $101,900 + $13,100 $115,000 | $4,560 |
$239,900
NYStateAlliance
Sold 2014-08-19
$95,500
NYStateAlliance
Listed 2014-06-10
$108,000
NYStateAlliance
Listing removed 2013-11-22
$111,000
NYStateAlliance
Price Changed 2013-07-18
$111,000
NYStateAlliance
Listing removed 2013-06-12
$118,000
NYStateAlliance
Listed 2013-06-11
$115,000
NYStateAlliance
Price Changed 2013-02-26
$118,000
NYStateAlliance
Listed 2012-12-06
$124,900
NYStateAlliance
Sold 1997-04-30
$77,000
Public Record
Year Built: 1948
Building Area Source: PublicRecords
Building Area Total: 1504
Construction Materials: Brick, Frame, VinylSiding
Foundation Details: Poured
Levels: Two
Property Age: 76
Property Condition: Resale
Roof: Asphalt
Levels or Stories: 2
Building Total Stories: 2
Year Built Details: Existing
Architectural Style: TwoStory
SewerConnected
WaterConnected
Water Source: Connected, Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.