2961 Bailey Avenue

Buffalo, NY 14215

$265,000
Last Sold Price
—
Beds
7,532 Sq. Ft.
$35 / Sq. Ft.
7,532
Sq. Ft.
$35
per Sq. Ft.

Description

Great Opportunity to Own this Well Maintained 9 Unit Apartment Building. Currently 7 Units occupied with mostly long term tenants and 2 units are vacant. All Tenants would like to stay. Mostly All Vinyl Replacements Windows and Glass Blocks in Basement level. All Apartments have nice layouts. Annual gross rents 51,120 approx. Landlord pay gas & electric. Projected rents from the 2 vacant units approx. $1,700.Great Opportunity to Own this Well Maintained 9 Unit Apartment Building. Currently 7 Units occupied with mostly long term tenants and 2 units are vacant. All Tenants would like to stay. Mostly All Vinyl Replacements Windows and Glass Blocks in Basement level. All Apartments have nice layouts. Annual gross rents 51,120 approx. Landlord pay gas & electric. Projected rents from the 2 vacant units approx. $1,700.
  1. Listed by Wilma D Moman • Class A Real Estate

Property Details for 2961 Bailey Avenue

On Waterfront
No
Nearest Cross Street
Millicent

Location

Listing Courtesy of Class A Real Estate

Sold By Towne Housing Real Estate

Add your commute
LISTING UPDATED: 10/25/2022 07:46 PM

Property Details for 2961 Bailey Avenue

StatusS - Closed / Rented
MLS #B1404000
Days on Market81
Taxes$5,382 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5 + Unit Apartments / Other - See Remarks
Year Built1936
Lot Size0.11 AC / 4,905 SF
CountyErie County

Location

Listing Courtesy of Class A Real Estate

Sold By Towne Housing Real Estate

Add your commute

Building Information for 2961 Bailey Avenue

Stories3Residences-Year Built1936Building Size-Lot Size0.11 AC / 4,905 SF

Payment Calculator

$1,895 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,446

Property Taxes

$449

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2961 Bailey Avenue

Summary
Location and General Information
  • Directions to Property: Bailey near Millicent. Or Bailey south of Kensington.
  • School District Name: Buffalo
  • Village: Not Applicable
Owner
  • Owner 1 Last Name: Lee & Vivian Llc.
  • Owner City State: Amherst, NY
  • Owner Street Num Street Name: 65 Four Seasons Rd W
  • Owner Zip Code: 14226
Parking
  • Garage Spaces per Apt: No Garage Spaces
  • Parking Spaces per Apt: 3 Or More Spaces
Taxes and HOA Information
  • Area NYSWIS Code: Buffalo City-140200
Property
Lot Information
  • Parcel Number: 140200-090-410-0009-046-000
  • Num Of Acres: 0
  • Age Of Building: 86
  • Lot Number: 46
  • Lot Shape: Rectangular
  • Lot Information: Near Bus Line
Property and Assessments
  • Annual Special Assessment: $221
  • Assessed Value: $232,000
  • Year Built Description: Existing
  • Amenities Included: No Amenities
  • Floor Description: Hardwood-Some, Vinyl-Some, Wood-Some
  • Second Mortgage Home Equity Bala: $0
Utilities
  • Num Of Electric Meters: 1
  • Num Of Gas Meters: 1
  • Sewer Description: Sewer Connected
  • Water Heater Fuel: Gas
  • Water Resources: Public Connected
Interior and Exterior Features
Exterior Features
  • Driveway Description: Concrete
  • Exterior Construction: Brick and Frame, Other - See Remarks, Vinyl
  • Roof Description: Asphalt
Interior Features
  • Num Bedrooms 4 Th Floor: 0
  • Num Fireplaces Artificial: 0
  • Num Fireplaces Freestanding: 0
  • Num Fireplaces Gas: 0
  • Num Fireplaces Not Repto Code: 0
  • Num Fireplaces Other: 0
  • Num Fireplaces Pellet: 0
  • Num Fireplaces Total Calculated: 0
  • Num Fireplaces Woodburning: 0
  • Num Fireplaces Woodstoves: 0
  • Num Full Baths 4 Th Floor: 0
  • Num Half Baths 4 Th Floor: 0
  • Sq Ft Total: 7532
  • Additional Interior Features: Circuit Breakers - Some, Copper Plumbing - Some
  • Basement Description: Full, Partially Finished
  • Heating Fuel Description: Gas
  • HVAC Type: Baseboard, Radiant
  • Kitchen Equip Appl Included: Oven/Range Freestanding- Some, Refrigerator
Multi Family
Multi-Family Information
  • Special Conditions Call L Brk: No
  • Third Party Commentary Blog: Yes
  • Annual Operating Expenses: $11,912
  • Gross Annual Income: $51,120
  • Net Operating Income: $33,826
  • Num Of Heating Units: 2
  • Income Expense Information: Provided By Owner
  • Operating Expenses Include: Electric, Gas/Oil, Insurance, Water / Sewer
Rental
Rental Information
  • First Bedrm Average Month Rent: $700
  • Second Bedrm Average Month Rent: $800
  • Third Bedrm Average Month Rent: $700
  • Num Of 1 Bedroom Apartment: 5
  • Num Of 2 Bedroom Apartment: 1
  • Num Of 3 Bedroom Apartment: 2
  • Num Of Studio Apartments: 1
  • Total Num Of Apartments: 8
  • Rent Includes: All Utilities

Property History for 2961 Bailey Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2961 Bailey Avenue

Taxable ValueLand$5,200Additions$226,800Total$232,000
Tax Record2023$1,206 ($100 / month)
Home Facts
Total Finished SqFt4,777 SqFtAbove Grade Finished SqFt4,777 SqFtUnfinished Basement SqFt2,755 SqFtStories2Lot Size4,905 SqFtStyleMulti-Family Res (5+ Units)Year Built1936ZoningN-3ECountyERIEAPN140200 90.41-9-46

Schools near 2961 Bailey Avenue

This home is within Buffalo City School District.
Rating
School
Type
Grades
Distance
Public - 5 to 12
Public - PK to 4
Public - PK to 4
Public - PK to 8
Rating
School
Distance
Frederick Olmsted 56
Public5 to 12

P.S. 82
PublicPK to 4

Highgate Heights
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Class A Real Estate

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.