West Side 3 unit with interior updates and updated electrical and roof (tearoff in 2020). All units vacant. Previous rents grossed$2, 850per month/ $34, 200annually. Electric is updated and split out. There are spots for 3 gas meters, currently there is only 1 gas meter, 1 hot water tank and 3 heating units. Could easily be split out again. Property does have exterior code violations for missing siding and needed porch repairs. Great opportunity here to reset rents. Solid building in Buffalo's demand West Side. Income / expense amounts reflect income when fully rented at past amounts.
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The average household income in
Buffalo, NY
grew
from
$34,814
to
$37,359
in the past year. This data is an estimate based upon
109,446
households in
Buffalo, NY. The chart below presents how household income is distributed in
Buffalo, NY
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: <$800
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Buffalo, NY
compared to median property taxes around the country. The prevalent amount of property taxes in
Buffalo, NY
equals
<$800
, which is
less
than the national average.