116 Herkimer St, Buffalo, NY 14213

Description

West Side investment gem with three good rents, accompanied by hard working tenants. This four unit property offers the kind of combination investors look for: income already in place, a value-add opportunity, and a location that puts you in the middle of some of Buffalo’s most desirable neighborhoods.

Three apartments are currently rented, providing immediate rental income, while the fourth unit is vacant and ready for renovation giving the next owner an opportunity to improve the unit and potentially increase the property’s overall income.

Location is a major part of the value here. Just steps from Elmwood Village and the Allentown District, this property puts tenants within easy reach of some of Buffalo’s best restaurants, coffee shops, bars, boutiques, entertainment, parks, and neighborhood amenities. That proximity helps make the property attractive to renters who want the lifestyle and walkability of Elmwood and Allentown without paying the premium associated with being directly in those neighborhoods.

For an investor, that means three existing income streams today, an opportunity to create additional value tomorrow, and a location that continues to benefit from the demand surrounding two of Buffalo’s most established urban neighborhoods. Whether you're looking to expand your portfolio or take on your next value-add project, this property deserves a look.