47 Heath Street, Buffalo, NY 14214

Property Description

Welcome to 47 Heath Street!  Cash-flowing, 5 bed, 1.5 bath single-family in Buffalo’s highly sought-after University District, just steps from the SUNY University at Buffalo South Campus and all the surrounding shops, restaurants, transit access, and conveniences. Positioned on the first block of Main Street, a location with consistent rental demand and historically strong occupancy, this property stands out from typical rentals. It features a rare open-concept first floor layout, connecting the living and dining areas to a fully applianced, eat-in kitchen. Recessed lighting and updated flooring throughout add to the appeal for today’s tenants.  Both bathrooms have been updated, highlighted by a fully renovated full bath featuring a tiled walk-in shower, glass enclosure, tiled flooring, and a modern floating vanity with wall-mounted fixtures, offering a level of finish rarely found in comparable properties. Significant capital improvements are complete, including a newer black metal roof and vinyl siding (offering long-term lifespan with minimal maintenance). The home also features a clean, dry basement with an included washer/dryer and a tankless hot water system, adding significant value through efficiency and convenience. Exterior features include a full concrete driveway extending to the backyard, with a double-wide front section provides ample off-street parking, which is a huge driver for tenant demand in the area.Historically rented at premium rates with consistent occupancy and low city taxes, this turnkey investment opportunity has proven performance in a high-demand rental corridor.  Leased through April 2027 @ $2,850/M = gross annual income of $34,200.  Expenses are available upon request.  Offers are reviewed as they are received.