321 Vermont StBuffalo, NY 14213

For Sale
$300,000

5-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional mixed-use property, located at 321 Vermont Street in Buffalo, NY, presents a compelling investment opportunity. The 4,148 square foot building, constructed in 1900, features five units and sits on a 0.07-acre lot. Currently operating at 40% occupancy, the property offers significant upside potential. The building's zoning is N-2R, allowing for a variety of uses. The pro-forma net operating income (NOI) is projected at $37,661. The building consists of one, two-story structure, providing a spacious storefront ideal for a business venture, complemented by four two-bedroom apartments. Situated in Buffalo's vibrant West Side, near the Five Points neighborhood, the property benefits from proximity to local amenities, including cafes, restaurants, and shops. This owner-user investment presents a unique chance to combine business ownership with rental income generation in a thriving urban location. The property's strong potential for increased occupancy and rental income makes it an attractive addition to any investment portfolio. The asking price is $300,000. Detailed financial information is available upon request.

Highlights

  • $300,000 asking price.
  • Mixed-use, multifamily apartment building.
  • Five units, 4,148 square feet.
  • 40% occupancy.
  • $37,661 pro-forma NOI.
  • Located at 321 Vermont St, Buffalo, NY 14213.

Property Details for 321 Vermont St

Property type
Multifamily properties, Apartment buildings
Square Feet
4,148 SF
Year Built
1900
Buildings
1
Stories
25
Lot Size (sq. ft)
3,049 SF
Units
5

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.908221685203
Longitude
-78.886895269263
321 Vermont St, Buffalo, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
321 Vermont St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message