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$550,000   Price Analysis
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148 Lake Ave
Buffalo, NY 14219
9 bed None bath 10,925 SqFt ($50/SqFt)
7,508SqFt lot. Built 1918
Listed 2024-06-24, Taxes $7,449
Ⓧ USDA Ineligible
due to location

near Hamburg

Looking for a good investment? Check out this 9 unit apartment building opportunity.

Well maintained 9 unit building conveniently located near shopping, schools, bus route and thruway. Minutes to downtown Buffalo.

All but on apartment is rented with good long-term tenants. Apartments are fully equipped with kitchen appliances. All units have separate washer and dryer hooku ps in basement.


Presented by Martha Szczygiel at
Howard Hanna West Seneca.
Listing Agent Photo

Property MLS #B1539081 from NYStateAlliance

Bedrooms: 9

Total Bathrooms: 0

GasOven
GasRange
GasWaterHeater
Refrigerator
Laundry Features: WasherHookup

Heating Features: Gas, Baseboard, ForcedAir
Heating: Yes

Flooring: Hardwood, LuxuryVinyl, Varies

Basement Description: Full

BlacktopDriveway
Road Frontage Type: MainThoroughfare

Lot Description: NearPublicTransit
Lot Size Acres: 0.17236
Lot Size Dimensions: 65X115
Lot Size Square Feet: 7508

Garage Description: NoGarage
Parking Features: NoGarage

Association: No
Calculated Total Monthly Association Fees: 0

Elementary School District: Frontier
High School District: Frontier
Middle or Junior School District: Frontier

Blasdell Elementary School is a public elementary school located approximately 0.4 miles away.
directions icon Map directions

Frontier Senior High School is a public high school located approximately 2.1 miles away.
directions icon Map directions

Frontier Middle School is a public middle school located approximately 5.3 miles away.
directions icon Map directions

Our Mother of Good Counsel School is a private elementary and middle school located approximately 0.4 miles away.
directions icon Map directions

Gross Income: 60000
Rent Includes: Water

Number of Units: 9

Annual Tax Amount: 7587
Source Listing Status: Active
County: Erie
Cross Street: Martin
Directions: South Park west on Lake to 148 or Route 5 east on Lake to 148.
Source Property Type: MultiFamily
Area: Blasdell-Village-144801
Source Neighborhood: Buffalo Crk Reservation
Number of Separate Electric Meters: 9
Number of Separate Gas Meters: 9
Owner Pays: Water
Parcel Number: 144801-151-610-0002-001-000
Postal City: Buffalo
Subdivision: Buffalo Crk Reservation
Township: Blasdell-Village
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2023$71,100 + $13,900
$85,000
$7,449
2022$71,100 + $13,900
$85,000
$7,312
2021$71,100 + $13,900
$85,000
$5,321
2020$71,100 + $13,900
$85,000
$6,091
2018$71,100 + $13,900
$85,000
$6,862
2016$71,100 + $13,900
$85,000
$6,596
2015$71,100 + $13,900
$85,000
$6,481
2014$71,100 + $13,900
$85,000
$6,190
2014$71,100 + $13,900
$85,000
$6,320
2013$71,100 + $13,900
$85,000
$6,043
2012$71,100 + $13,900
$85,000
$5,972
2011$71,100 + $13,900
$85,000
$5,923
2010$71,100 + $13,900
$85,000
$5,809
2009$71,100 + $13,900
$85,000
$5,678
2007$71,100 + $13,900
$85,000
$5,546

Listed 2024-06-24
$550,000
NYStateAlliance
Sold 1993-11-17
$65,000
Public Record

Operating Expense Includes: Insurance, ProfessionalManagement, SnowRemoval, WaterSewer

Total Square Feet Living: 10925
Year Built: 1918
Building Area Source: Assessor
Building Area Total: 10925
Construction Materials: Stucco
Property Age: 106
Property Condition: Resale
Roof: Asphalt
Levels or Stories: 3
Building Total Stories: 3
Year Built Details: Existing

Electric: Fuses
Sewer: Connected
SewerConnected
WaterConnected
Water Source: Connected, Public

Security Features: FireEscape
Click Thumbnail Images To View Full Size
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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.