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Archived over 4 years ago

$96,000

4 bd 2 ba 1900 sqft

20 Richlawn, Buffalo, NY 14215

Residential Duplex Occupied Off MLS

Current Rent **

$1,300

Projected Rent **

N/A

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $700
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 950 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes
Unit 2 Details
  • Current Rent: $600
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 950 sqft
  • Occupied: Yes
  • Needs Repairs: No
  • Off MLS: Yes

Buffalo cashflowing duplex with major upgrades

Up for sale by owner is a cashflowing duplex (sitting on a double lot) in the city of Buffalo! Some highlights on this property include:
- Double lot
- 2/2 long term tenants (below market rent. check rentometer.com)
- Brand new furnaces with warranty (11/2018 and 1/2019)
- Brand new tear off roof (1/2019)
- New kitchen (lower) - gutted and completely redone by licensed and permitted contractor: new high quality (playwood, soft close drawers) cabinets, counter, sink, drywall, electric, etc.
- New vinyl windows lower
- Freshly painted 2-3 years ago
- Updated bathrooms: New toilets in both units, 1 new vanity
- 2 car garage- rough shape

Serious inquiries only as it is occupied. Prequalification/preapproval or proof of funds required.

Thank you!

Location:

20 Richlawn, Buffalo, NY 14215

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.