Buffalo, NY 14214 49, 51, 54 Merrimac Street
$799,900
40 more
Presented By: Brittany Weber with James R. Militello;
Beds • 14
Full/Half Baths • 4 / 1
SQFT • 2,364
Home Details
This three-property portfolio, located just minutes from the University at Buffalo, is a fully leased, turnkey investment.
49 Merrimac: 2,364 Sq. Ft.
51 Merrimac: 1,194 Sq. Ft.
54 Merrimac: 1,624 Sq. Ft.
The total package includes four units comprised of 14 bedrooms and 4.5 bathrooms, all currently rented with steady cash flow. Each property is well-maintained and situated in a strong rental neighborhood.
An ideal opportunity for investors seeking a turnkey, income-generating portfolio in a rental market with consistent demand.
Rent includes utilities up to a capped dollar amount per month. Taxes (2025 County/2024-5 School/City), 54 Merrimac was built in 1928.
Presented By: Brittany Weber with James R. Militello;
Interior Features for 49, 51, 54 Merrimac Street
Bedrooms
Total Bedrooms14
Bathrooms
Half Baths1
Main Level Bathrooms
Total Baths5
Other Interior Features
BasementFull, SumpPump
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringHardwood, Varies
Heating Y/NYes
Interior AmenitiesCeilingFans, Storage, NaturalWoodwork
Laundry FeaturesCommonArea, WasherHookup
Total Fireplaces
Total Stories2
General for 49, 51, 54 Merrimac Street
Additional Parcels Description40200-079-460-0005-014-000
AppliancesGasWaterHeater
Architectural StyleOther, SeeRemarks, Fourplex
CityBuffalo
Community FeaturesTrailsPaths
Construction MaterialsCompositeSiding, VinylSiding, CopperPlumbing
CountyErie
ElectricCircuitBreakers
Elementary School DistrictBuffalo
Full Baths4
Garage Spaces0.0
Gross Income85680.0
HeatingGas, Baseboard, ForcedAir, HotWater, Radiant, Steam
High School DistrictBuffalo
LevelsTwo
Lot Size Square Feet3450.0
Lot Size UnitsAcres
MLS AreaBuffalo City-140200
Middle/Junior School DistrictBuffalo
Net Operating Income50520.0
Number Of Units Total4
Operating Expense25000.0
OwnerPaysOther, SeeRemarks
Patio/Porch FeaturesBalcony
PossessionCloseOfEscrow, SubjectToTenantRights
Property ConditionResale
Property SubtypeMultiFamily
Property TypeResidential
Rent IncludesOther, SeeRemarks
RoofAsphalt
School DistrictBuffalo
Senior Community Y/NNo
SewerConnected
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount10160.0
Tax Assessed Value651000
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesHighSpeedInternetAvailable, SewerConnected, WaterConnected
Year Built1920
Year Built DetailsExisting
Zoning DescriptionOther - See Remarks
Exterior for 49, 51, 54 Merrimac Street
Building Area Total2364.0
Exterior AmenitiesBalcony, FullyFenced, Fence, PrivateYard, SeeRemarks
FencingFull, Partial
Lot Dimensions60X115
Lot FeaturesNearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Size Acres0.2376
Lot Size Area0.2376
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Parking FeaturesParkingAvailable, TwoOrMoreSpaces
Road Frontage TypeCityStreet
Water SourceConnected, Public
Waterfront Y/NNo
