58 Park Street

Buffalo, NY 14201

EXCEPTIONAL TURNKEY SHORT-TERM RENTAL INVESTMENT IN HISTORIC ALLENTOWN! House hacking to an extreme level with an owner occupied conventional or FHA loan. Fully renovated & furnished 4-unit property with PROVEN INCOME HISTORY: $97,722 (2022), $94,597 (2023), $100,029 (2024). Strong 8.73% cap rate with $56,775 NOI after ALL expenses. Perfect for investors seeking immediate cash flow in one of Buffalo's most desirable neighborhoods.cComprehensive renovation 7 years ago (city-approved) with ALL NEW systems: plumbing, electrical, HVAC, roof. Building features 2 two-bed/one-bath units and 2 one-bed/one-bath units, each with separate electric/gas, forced air heating, central AC, and 40-gallon hot water tanks. 4,799 sq ft brick building on 0.1-acre lot with valuable off-street parking for 5 vehicles. Prime Allentown location just blocks from Buffalo Niagara Medical Corridor (Roswell Park, Buffalo General, Oishei Children's Hospital, UB Medical School), minutes to downtown, and walking distance to Elmwood Village. Extremely walkable neighborhood surrounded by notable restaurants, bars, and cultural attractions. Potential gross income of $94,200 annually at market rates. Expenses include 5% vacancy/collection loss, 10% property management, and 5% maintenance/repairs. All units currently furnished and ready for continued rental operation. Don't miss this rare opportunity to acquire a high-performing investment property in one of Buffalo's most coveted neighborhoods. SHOWINGS START WEDNESDAY, MAY 8TH. OPEN HOUSE SATURDAY, MAY 10TH FROM 1:00-3:00PM.

Listing courtesy of Nicholas Giambra of Iconic Real Estate 7162396432



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