Buffalo, NY 14213 339 Rhode Island Street
$1,750,000
25 more
Presented By: Jean-Michel Reed with WEGO Together;
Beds • 11
SQFT • 15,925
Home Details
INCREDIBLE OPPORTUNITY TO OWN A FULLY RENOVATED BUILDING IN THE DEMAND FIVE POINTS NEIGHBORHOOD. THE PROPERTY WAS PURCHASED BY THE CURRENT OWNERS IN 2013 AFTER HAVING BEEN VACANT FOR OVER A DECADE. AT THAT POINT THE BUILDING HAD NO FUNCTIONING MECHANICAL SYSTEMS. THE PROPERTY WENT THROUGH A 2 YEAR RENOVATION THAT REQUIRED A FULL GUT AND ALL NEW MECHANICAL SYSTEMS, PLUMBING, ELECTRICAL, HEATING, FIRE SPRINKLER, EVERYTHING. THE PROPERTY HAS BEEN FULLY LEASED SINCE. THERE ARE 7 ONE BEDROOM APARTMENTS, 4 TWO BEDROOM APARTMENTS, 1 COMMERCIAL SPACE AS WELL AS AN AT&T CELL TOWER LEASE. THERE IS SOME LAND INCLUDED ON RHODE ISLAND. THE BUILDING IS 2 SHORT BLOCKS TO THE FIVE POINTS INTERSECTION THAT IS BUSTLING WITH CAFES, RETAIL AND RESTAURANTS.
Presented By: Jean-Michel Reed with WEGO Together;
Interior Features for 339 Rhode Island Street
Bedrooms
Total Bedrooms11
Bathrooms
Main Level Bathrooms0
Total Baths
Other Interior Features
BasementFull
Basement (Y/N)Yes
Fireplace Y/NNo
FlooringCarpet, Hardwood, Laminate, Varies
Heating Y/NYes
Laundry FeaturesCommonArea, CoinOperated
Total Fireplaces
Total Stories4
General for 339 Rhode Island Street
AppliancesDryer, GasWaterHeater, Washer
CityBuffalo
Community FeaturesLaundryFacilities
Construction MaterialsBrick, CopperPlumbing, PexPlumbing
CountyErie
DirectionsLocated at the intersection of Rhode Island and 15th.
ElectricCircuitBreakers
Elementary School DistrictBuffalo
Energy EfficientWindows
Garage Spaces0.0
Garage Y/NNo
Gross Income162420.0
HeatingGas, ForcedAir
High School DistrictBuffalo
Lot Size Square Feet3450.0
Lot Size UnitsAcres
MLS AreaBuffalo City-140200
Middle/Junior School DistrictBuffalo
Net Operating Income66001.0
Number Of Units Total11
Operating Expense73964.0
OwnerPaysSnowRemoval, TrashCollection, Water
PossessionCloseOfEscrow, RentalAgreement, SubjectToTenantRights
Property ConditionResale
Property Sub Type AdditionalCommercial
Property SubtypeCommercial
Property TypeMultiFamily
Rent IncludesSnowRemoval, TrashCollection, Water
RoofMembrane, Rubber
School DistrictBuffalo
Senior Community Y/NNo
SewerConnected
Standard StatusActive
StatusActive
Stories Count4
Tax Annual Amount22455.0
Tax Assessed Value750000
Tax Lot36
TaxOtherAnnualAssessmentAmount0.0
TownshipNot Applicable
UtilitiesHighSpeedInternetAvailable, SewerConnected, WaterConnected
Year Built1900
Year Built DetailsExisting
Exterior for 339 Rhode Island Street
Building Area Total15925.0
Lot Dimensions34X100
Lot FeaturesNearPublicTransit, Rectangular, RectangularLot, ResidentialLot
Lot Size Acres0.0792
Lot Size Area0.0792
Number of Separate Electric Meters13
Number of Separate Gas Meters12
Parking FeaturesNone, NoDriveway, NoGarage
Road Frontage TypeCityStreet
Water SourceConnected, Public
Waterfront Y/NNo
