Pending

58 Gresham Drive
Amherst, NY 14226

$239,900
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Property Description

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.

Details

Interior Features: Living Dining Room, Bedroomon Main Level
Utilities: Sewer Connected, Water Connected
Appliances: Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Washer
Flooring: Hardwood, Laminate, Varies
Basement: Full
Laundry: In Basement
Heating: Gas, Forced Air
Architectural Style: Two Story
Exterior Features: Concrete Driveway
Construction Materials: Brick, Frame, Vinyl Siding
Foundation: Poured
Lot Dimensions: 50 X142
Lot Size: 0.1636
Roof: Asphalt
Sewer: Connected
Water: Connected, Public
Parking: No Garage