318 14th Street, Buffalo, NY 14213

N
Nicholas Giambra
Iconic Real Estate
Property front view
29 days on Offerwell33 views2 offers6 showingsPending

ASKING PRICE

$100,000

OFFER DEADLINE

Jun 12, 5:00 PM

1619

Sq Ft

Duplex

Property type

3

Beds

1 full

Baths

Description

INCREDIBLE INVESTMENT OPPORTUNITY! House Hacking Gold Mine in Buffalo! This well-positioned duplex at 318 14th Street presents an exceptional opportunity for investors and owner-occupants alike. Priced at $100,000 significantly below market value, this property offers immediate equity potential and strong income generation possibilities. The 1,619 sq ft duplex sits on a generous 0.0838-acre lot with wood frame construction and an 8-year-old tear-off roof. Separate utilities for each unit and N-2R zoning provide excellent investment fundamentals. The lower unit features 2 bedrooms and 1 bathroom with renovation opportunity, while the upper unit offers 1 bedroom, 1 bathroom with in-unit laundry including washer, dryer, refrigerator, stove, and microwave. Both units have forced air HVAC systems. Projected monthly rental income totals $2,400 with the lower unit at $1,400 and upper unit at $1,000, creating $28,800 annual gross income potential. This property is perfect for BRRRR strategy or house hacking where you can live in one unit while tenant income offsets mortgage costs. Infrastructure includes, 8 year old tear off roof, PEX supply lines, PVC/Steel waste lines, and circuit breaker electrical service. Annual taxes total $2,181.71 with solid bones and value-add opportunity in the lower unit. The upper unit can provide immediate rental income while renovations add value below. This turnkey investment property is ideal for first-time house hackers, experienced investors, or owner-occupants looking to offset housing costs. Showings begin Wednesday, June 4th. Open House Saturday, June 7th from 1:00-3:00 PM. Offers due Thursday, June 12th at 5:00 PM. Don't miss this rare opportunity to acquire a cash-flowing duplex at an exceptional price point!

IDX
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