789 Crescent Ave Buffalo, NY 14216
- Commercial real estate
- 4,474 SF
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 789 Crescent Ave
- Year built
- 1920
- Lot size
- 0.09 lot acres
- Property size
- 4,474 SF
- Property type
- Commercial real estate
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Buffalo
- County
- Erie
- State
- New York
- Longitude
- -78.8562902
- Latitude
- 42.9435101
