About 49, 51, 54 Merrimac Street
This three-property portfolio, located just minutes from the University at Buffalo, is a fully leased, turnkey investment. 49 Merrimac: 2,364 Sq. Ft. 51 Merrimac: 1,194 Sq. Ft. 54 Merrimac: 1,624 Sq. Ft. The total package includes four units comprised of 14 bedrooms and 4.5 bathrooms, all currently rented with steady cash flow. Each property is well-maintained and situated in a strong rental neighborhood. An ideal opportunity for investors seeking a turnkey, income-generating portfolio in a rental market with consistent demand. Rent includes utilities up to a capped dollar amount per month. Taxes (2025 County/2024-5 School/City), 54 Merrimac was built in 1928.
Features of 49, 51, 54 Merrimac Street
| MLS® # | B1655023 |
|---|---|
| Price | $799,900 |
| Bedrooms | 14 |
| Bathrooms | 5.00 |
| Full Baths | 4 |
| Half Baths | 1 |
| Square Footage | 2,364 |
| Square Footage | 3450 |
| Acres | 0.24 |
| Year Built | 1920 |
| Type | Residential |
| Sub-Type | Multi Family |
| Style | Other, See Remarks, Fourplex |
| Status | Active |
Community Information
| Address | 49, 51, 54 Merrimac Street |
|---|---|
| Area | Buffalo City |
| Subdivision | University District |
| City | Buffalo |
| County | Erie |
| State | NY |
| Zip Code | 14214 |
Amenities
| Utilities | High Speed Internet Available, Sewer Connected, Water Connected, Other, See Remarks |
|---|---|
| Features | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Parking | Parking Available, Two or More Spaces |
| Garages | Parking Available, Two or More Spaces |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Varies |
|---|---|
| Interior Features | Ceiling Fan(s), Storage, Natural Woodwork |
| Appliances | Gas Water Heater |
| Heating | Gas, Baseboard, Forced Air, Hot Water, Radiant, Steam |
| Fireplace | No |
| # of Stories | 2 |
| Stories | 2 |
| Has Basement | Yes |
| Basement | Full, Sump Pump |
Exterior
| Exterior | Composite Siding, Vinyl Siding, Copper Plumbing |
|---|---|
| Exterior Features | Balcony, Fully Fenced, Fence, Private Yard, See Remarks |
| Lot Description | Near Public Transit, Rectangular, Rectangular Lot, Residential Lot |
| Roof | Asphalt |
| Construction | Composite Siding, Vinyl Siding, Copper Plumbing |
School Information
| District | Buffalo |
|---|
Additional Information
| Short Sale | No |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | James R. Militello |
|---|---|
| Contact Info | 716-856-2872 |