Real Estate offered in Buffalo, New York. Here is the best deal. This Duplex is offered by Owner located in New York. Built around 19?? it is approximately ??? square feet. High offer: $50000.
I’m moving, retiring from the rental business, and selling my properties. I have owned, fixed, and remolded these properties for quite a few years. Looks like my loss with be someone else’s future. I reserve the right to cancel this auction at anytime before the ending pending a sale on my own. If you have any questions please feel free to contact me via email at rebel22@roadrunner.com and I will do my best to respond. Thank you and happy bidding! 5 DUPLEXES, 2 UNIT APARTMENT BUILDINGS LOCATED AT 30 NEWTON, 35 NEWTON, 37 NEWTON, 60 NEWTON, 346 CURTISS, AND BLANK LOT (NEXT DOOR) AT 342 CURTISS IN THE CITY OF BUFFALO NEW YORK. CONDITION OF PROPERTIES: The properties are in overall Good Condition, Some recent work has been done on every property to include plumbing, electrical, paint, carpets, tile, or other miscellaneous projects. RENTAL INCOME: 30 Newton front $275.00 (4 year tenant) 2 bedroom 1 living room 1 kitchen 1 bath 30 Newton Rear $350.00 (1 year tenant) 3 bedroom 1 living room 1 kitchen 1 bath 1 laundry room 35 Newton front $350.00 (4 year tenant is currently moving, but I have requests for the apartment already) (apartment had a fire and was totally gutted and remolded a few years ago) 2 bedroom 1 living room 1 kitchen 1 bath 35 Newton rear $350.00 (5 year tenant) 2 bedroom + 1 room in the attic which is used as a bedroom 1 living room 1 dining room 1 kitchen 1 bath 1 laundry room 37 Newton front $300.00 (8+ year tenant) 2 bedroom + 1 room in the attic which is used as a bedroom 1 living room 1 kitchen 1 bath 37 Newton rear $300.00 (1 year tenant) 2 bedroom 1 living room 1 kitchen 1 bath 1 laundry room 60 Newton front $0 (10+ year tenant just passed away, family moving items out of house, was getting $300.00) 60 Newton rear $300.00 (10+ year tenant) 2 bedroom 1 living room 1 dining room 1 kitchen 1 bath 1 laundry room 346 Curtiss front $250.00 (10+ year tenant) 2 bedroom 1 living room 1 kitchen 1 bath 346 Curtiss rear $275.00 (10+ year tenant) 2 bedroom 1 living room 1 kitchen 1 bath 342 Curtiss blank lot, this lot joins 60 Newton and 346 Curtiss at the end of the street like a triangle. EXPENSES: Expenses on this property are low. The expenses are approximately 10% for the property manager, Taxes are approximately $500 a year, water runs approximately $700 a year, garbage collection runs approximately $250 a year, insurance runs about $300 a year, and tenants typically cut the grass and snow plow. AREA: These properties are located near Downtown Buffalo and right next to the old central train terminal (35 and 37’s back yard touch the terminal property). The properties are within walking distance to inner city shopping, Churches, bus lines and schools. It's also only five to ten minutes to Buffalo city hall in Downtown Buffalo- Convenience, Convenience! In addition this property is located only 25 to 30 minutes from Beautiful Niagara Falls which already has a major Casino and Hotel. MANAGEMENT: If you wish the services of a property manager other than the tenant/manager…. There is an available local manager that will manage your property for you at 10% of the monthly gross located on the same street. I am Independent of the Property Manager but will make the referral it is then up to you to contact him do your own due diligence and make management arrangements. PAYMENT DETAILS The Winning bidder will send a $5000.00 deposit payment to me after the auction via cashier check within 72 hours. The remaining payment will be sent to my attorney to hold in escrow until all the paperwork is complete and the homes are registered in your name. Payment by cashers check. You will be responsible for all the fees necessary to register the home, "in your name" with the city of buffalo. If you want title insurance, you will need to pay the title company the fee for it. IF NO PAYMENT IS RECEIVED WITHIN 72 HRS, BIDDER WILL BE CONSIDERED A NPB (Non-paying bidder) AND WILL BE REPORTED TO EBAY. PAYMENT MUST BE RECIEVED WITHIN 72 HOURS AFTER CLOSE OF THE AUCTION. These properties are for sale in "AS IS" CONDITION AT THE TIME OF SALE OR CLOSING, INCLUDING ANY HIDDEN DEFECTS OF ANY NATURE, KNOWN OR UNKNOWN, with no representations, warranties or guarantees whatsoever, expressed or implied, regarding their nature, value, source, authenticity, fitness, merchantability, and/or any other aspect or characteristic of these assets. No statement anywhere, whether expressed or implied, shall be deemed a warranty or representation by the Seller regarding the asset. All sales are with the understanding that the buyer cannot rely on any other representation, warranty or guaranty made by anyone. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the assets in making the decision to purchase the asset
