BEDS14
BATHS4 full 1 partial
SQUARE FEET2,364
MLS#B1655023
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBuffalo
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full, Sump Pump
Fenced: Yes
Heating: Gas, Baseboard, Forced Air, Hot Water, Radiant, Steam
Home Style: Other, See Remarks, Fourplex
Lot Size: 0.24 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $10,160
Year Built: 1920
Amenities
Ceiling Fan(s)
Storage
Natural Woodwork
Balcony
Fully Fenced
Fence
Private Yard
See Remarks
Feature Descriptions
Appliances: Gas Water Heater
Community Features: Trails/Paths
Days on Site: 130
Exterior: Composite Siding, Vinyl Siding, Copper Plumbing
Fencing: Full, Partial
Flooring: Hardwood, Varies
Laundry: Common Area, Washer Hookup
Lot: Near Public Transit, Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 60X115
Parcel#: 140200-079-460-0005-013-000
Parking: Parking Available, Two or More Spaces
Parking Notes: Parking Available, Two or More Spaces
Patio/Porch: Balcony
Sewer: Connected
Units: 4
Utilities: High Speed Internet Available, Sewer Connected, Water Connected
Water: Connected, Public
Local Schools
School District: Buffalo
Listed By / Shown By
Listing By
Agency Name: James R. Militello
Agency Contact: 716-856-2872
Shown By
Agent Name: Sean F. Brennan
Agent Phone: (716) 432-9130 Cell
Agency Title: MJ Peterson Real Estate
Estimate Your Payment
Estimated Payment
$ 2,860.20 per month $1,780.23 Principal & Interest $846.67 Property Tax $233.30 Homeowner's Insurance
49, 51, 54 Merrimac Street | MLS# B1655023
This multi-family property located at 49, 51, 54 Merrimac Street, Buffalo, NY 14214 is currently listed for sale with an asking price of $799,900. 49, 51, 54 Merrimac Street is located within the Buffalo school district. Search Buffalo real estate on sbrennan.mjpeterson.com today.