Presenting a lucrative investment opportunity in a highly sought-after area of Amherst, close to the University at Buffalo South Campus. This single-family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a spacious layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has the potential to generate close to $3,000 per month in rental income, ensuring a robust return on investment from day one. The constant demand from students guarantees high occupancy rates, making this a worry-free investment. For those looking to enter the investment market, this property offers a fantastic opportunity with great positive cash flow. It is not just a house, but a steady income stream and a foothold in the thriving rental market near a major university. Don’t miss out on this exceptional opportunity to own a prime piece of real estate with significant income potential in Amherst.
Property Details
Price:
$239,900
MLS #:
B1533074
Status:
Active
Beds:
5
Baths:
2
Address:
58 Gresham Drive
Type:
Single Family
Subtype:
SingleFamilyResidence
City:
Amherst
Listed Date:
Apr 21, 2024
State:
NY
Finished Sq Ft:
1,504
ZIP:
14226
Lot Size:
0 acres
Year Built:
1948
Listing courtesy of Keller Williams Realty WNY,
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-05-05.
© 2024 New York State Alliance of MLS’s NYSAMLS. Information deemed reliable, but not guaranteed. This site was last updated 2024-05-05.
58 Gresham Drive
Amherst, NY
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Schools
School District:
Amherst
Interior
Appliances
Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
Bathrooms
2 Full Bathrooms
Flooring
Hardwood, Laminate, Varies
Heating
Gas, Forced Air
Laundry Features
In Basement
Exterior
Architectural Style
Two Story
Construction Materials
Brick, Frame, Vinyl Siding
Exterior Features
Concrete Driveway
Parking Features
No Garage
Roof
Asphalt
Financial
Buyer Agent Compensation
3%
Taxes
$4,977
Map
Community
- Address58 Gresham Drive Amherst NY
- CityAmherst
- CountyErie
- Zip Code14226
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