108 Roosevelt Avenue

Fully occupied duplex on Buffalo's East Side offering strong cash flow or a nearly free house hack opportunity. Each unit features 2 bedrooms and 1 full bathroom, one unit is currently rented at $1,050 per month, with a potential gross income of $2,100 or more in gross rent on a $150,000 asking price. That pencils out to an as is cap rate over 10 percent, exceeds the 1 percent rule, and offers the next owner a turn-key living or rental scenario. Buy with 5 percent down and a monthly payment of approximately $1,150 including taxes and insurance; one tenant alone covers the majority of that payment if you occupy the other unit. Major systems have already been addressed. New vinyl siding and insulation were installed just 1 year ago, and the roof was replaced within the last 3 to 4 years. Electrical service is less than 1 year old with circuit breaker panels, and both units have newer hot water tanks with forced air heating systems. Supply lines are mostly copper and each unit is separately metered for gas and electric for easy expense tracking. Full basement for mechanicals and storage, blacktop driveway. 1,619 square feet on a 40' by 79' lot. Offer deadline is Thursday, August 20th at 5:00 PM. Open house information will be added as soon as it becomes available.