89 Jones ST Buffalo, NY 14206
5 Beds
2 Baths
1,643 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,643 sqft
Price per Sqft $30
Subdivision Buffalo Crk Reservation
MLS Listing ID B1709206
Style Two Story
Bedrooms 5
Full Baths 2
Construction Status Existing
HOA Y/N No
Year Built 1920
Annual Tax Amount $1,147
Lot Size 3,179 Sqft
Acres 0.073
Lot Dimensions 30X106
Property Sub-Type Single Family Residence
Property Description
The kitchen has been updated, and the home has seen extensive recent upgrades including new flooring and plumbing work. Infrastructure is in great shape: a 1-year-old forced air furnace, 4-year-old hot water tank, and circuit breaker electrical. The home also includes a crawl space and partial basement, with gas, electric, and water service all on and fully functioning.
Turnkey for owner-occupants or investors. Current month-to-month rent supports a Net Operating Income of $14,824.50/year, valuing the property between $98,830 and $123,537.50 via the income approach (15%–12% cap rate), well above list price. Comparable investor-grade sales in the area over the past 12 months ranged from $100K to $119K for 956–2,000 SF homes, none of which offered 5 bedrooms and 2 full baths.
Offers due Thursday, 9/10 at 5:00 PM.
Location
State NY
County Erie
Community Buffalo Crk Reservation
Area Buffalo City-140200
Direction On Jones Street between Fleming and Lyman.
Rooms
Basement Crawl Space, Partial
Main Level Bedrooms 3
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, Separate/Formal Living Room, Bedroom on Main Level, Main Level Primary, Primary Suite
Heating Gas, Forced Air
Flooring Carpet, Luxury Vinyl, Varies, Vinyl
Fireplace No
Appliance Gas Oven, Gas Range, Gas Water Heater, Refrigerator
Laundry Main Level
Exterior
Exterior Feature Awning(s), Fence
Fence Partial
Utilities Available Electricity Available, Electricity Connected, High Speed Internet Available, Sewer Connected, Water Connected
Roof Type Asphalt
Garage No
Building
Lot Description Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Foundation Stone
Sewer Connected
Water Connected, Public
Architectural Style Two Story
Structure Type Blown-In Insulation,Other,Vinyl Siding,Copper Plumbing,PEX Plumbing
Construction Status Existing
Schools
School District Buffalo
Others
Senior Community No
Tax ID 140200-112-690-0002-011-000
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.giambrateam.com/listings/581500829763
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