About 2961 Bailey Avenue
2961 Bailey Ave – Prime Investment Opportunity! Discover a well-maintained multi-family property in the heart of Buffalo, offering 10 income-generating units including a mix of one-bedroom, two-bedroom, three-bedroom, and a studio apartment. With a strong rental history and all units currently occupied, this property provides immediate cash flow and long-term stability for investors. Each apartment is spacious and designed for comfortable living, with tenants responsible for their own deposits. Current rents range from $650 to $900 per month, bringing in a solid monthly gross income of $8,100 and an annual gross potential of $97,200. Located on a convenient transit corridor, 2961 Bailey Ave is close to shopping, schools, and public transportation, making it attractive to renters year-round. Whether you’re expanding your portfolio or seeking your next high-performing asset, this property is a turnkey investment with consistent returns. Don't wait. Don't wait to lose this opportunity to own this cash-cow investment property. Showing starts immediately!
Features of 2961 Bailey Avenue
| MLS® # | B1631280 |
|---|---|
| Price | $499,900 |
| Bedrooms | 10 |
| Bathrooms | 0.00 |
| Square Footage | 7,532 |
| Square Footage | 4905 |
| Acres | 0.11 |
| Year Built | 1936 |
| Type | Multi Family |
| Sub-Type | Other |
| Status | Active |
Community Information
| Address | 2961 Bailey Avenue |
|---|---|
| Area | Buffalo City |
| Subdivision | Kensington |
| City | Buffalo |
| County | Erie |
| State | NY |
| Zip Code | 14215 |
Amenities
| Utilities | Sewer Connected, Water Connected, Electricity, Heat |
|---|---|
| Features | Near Public Transit, Flag Lot |
| Parking | No Garage |
| Garages | No Garage |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Carpet, Hardwood, Tile, Varies |
|---|---|
| Appliances | Gas Cooktop, Gas Water Heater, Refrigerator |
| Heating | Gas, Baseboard |
| Fireplace | No |
| # of Stories | 3 |
| Stories | 3 |
| Has Basement | Yes |
| Basement | Full |
Exterior
| Exterior | Brick, Frame |
|---|---|
| Exterior Features | Concrete Driveway |
| Lot Description | Near Public Transit, Flag Lot |
| Roof | Shingle |
| Construction | Brick, Frame |
School Information
| District | Buffalo |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Towne Housing Real Estate |
|---|---|
| Contact Info | 929-424-0890 |