58 Gresham Drive

Amherst, NY 14226

$239,900
Price
5
Beds
2
Baths
1,504 Sq. Ft.
$160 / Sq. Ft.
1,504
Sq. Ft.
$160
per Sq. Ft.

Description

Presenting a lucrative investment opportunity in a highly sought-after area of Amherst, close to the University at Buffalo South Campus. This single-family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a spacious layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has...Presenting a lucrative investment opportunity in a highly sought-after area of Amherst, close to the University at Buffalo South Campus. This single-family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a spacious layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has the potential to generate close to $3,000 per month in rental income, ensuring a robust return on investment from day one. The constant demand from students guarantees high occupancy rates, making this a worry-free investment. For those looking to enter the investment market, this property offers a fantastic opportunity with great positive cash flow. It is not just a house, but a steady income stream and a foothold in the thriving rental market near a major university. Don’t miss out on this exceptional opportunity to own a prime piece of real estate with significant income potential in Amherst.
  1. Listed by Thejan Kodituwakku • Keller Williams Realty WNY
    P: 716-832-3300 C: 716-292-8756 tkodituwakku@kw.com

Property Details for 58 Gresham Drive

Styles Of Residence
Two Story
On Waterfront
No
Parking Description
No Garage
Nearest Cross Street
Maynard Dr

Location

Listing Courtesy of Keller Williams Realty WNY
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LISTING UPDATED: 04/29/2024 10:25 AM

Property Details for 58 Gresham Drive

StatusActive
MLS #B1533074
Days on Market14
Taxes$4,977 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1948
Lot Size0.16 AC / 7,125 SF
CountyErie County

Location

Listing Courtesy of Keller Williams Realty WNY
Add your commute

Building Information for 58 Gresham Drive

Stories2Year Built1948Building Size-Lot Size0.16 AC / 7,125 SF

Payment Calculator

$1,724 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,309

Property Taxes

$415

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 58 Gresham Drive

Summary
Location and General Information
  • Elementary School District: Amherst
  • High School District: Amherst
  • Middle Or Junior School District: Amherst
  • Village: Not Applicable
  • Human YN: Yes
Parking
  • Garage Spaces per Apt: .00
  • Garage YN: No
Taxes and HOA Information
  • Area NYSWIS Code: Amherst-142289
  • Tax Annual Amount: $4,977.00
Property
Lot Information
  • Building Area Source: Public Records
  • Building Area Total: 1504.0
  • Land Features: Residential Lot
  • Num Of Acres: 0.1636
  • Lot Size Area: 0.1636
  • Lot Size Square Feet: 7125.0
  • Lot Size Units: Acres
  • Parcel Number: 142289-067-650-0003-020-000
  • Road Frontage: City Street
  • Lot Number: 20
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $120,000
  • Year Built: 1948
  • Year Built Description: Existing
Utilities
  • Sewer Description: Connected
  • Utilities Available: Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Brick, Frame, Vinyl Siding
  • Exterior Features: Concrete Driveway
  • Foundation Description: Poured
  • Roof Description: Asphalt
Interior Features
  • Appliances: Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement Description: Full
  • Basement YN: Yes
  • Num Of Possible Bedrooms: 5
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Hardwood, Laminate, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Living Dining Room, Bedroomon Main Level
  • Laundry Features: In Basement
  • Levels: Two
  • Sq Ft Total: 1504.0
  • Main Level Bathrooms: 1
  • Num Bedrooms 1 St Floor: 2
  • Num Of Rooms: 6
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
  • Stories: 2
  • Stories Total: 2
Rental
Rental Information
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 58 Gresham Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 58 Gresham Drive

Taxable ValueLand$26,000Additions$94,000Total$120,000
Tax Record2019$4,300 ($358 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,504 SqFtAbove Grade Finished SqFt1,504 SqFtStories2Lot Size7,150 SqFtStyleSingle Family ResidenceYear Built1948CountyERIEAPN142289 67.65-3-20

Schools near 58 Gresham Drive

This home is within Amherst Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - 9 to 12
Rating
School
Distance
Windermere Blvd School
PublicPK to 5

Amherst Middle School
Public6 to 8

Amherst Central High School
Public9 to 12

Buffalo Academy Of The Sacred Heart
Private9 to 12

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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58 Gresham Drive is a single family home for sale in Amherst, NY 14226. This property was listed for sale on April 21, 2024 by Keller Williams Realty WNY, it's currently listed at $239,900. It has been on the market for a total of 14 days and was last sold on August 19, 2014. This listing's school district is Amherst Central School District. Nearby schools include Windermere Blvd School, Amherst Middle School and Amherst Central High School. 58 Gresham Drive is a 5-bed, 2-bath, 1,504 sqft single family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Realty WNY

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.