58 Gresham Drive Amherst, NY 14226
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 TypeSingle Family Home
- NeighborhoodN/A
- CountyErie
- Taxes$4,977
- HOA/Condo/Coop Fees$0
- Days on Site47 Days
- MLS StatusPending
- MLS ID NumberB1533074
- Home Size Source Public Records
- Year Built1948
- Lot Size0.1636 Acres
- Full Baths2
- Partial BathsN/A
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General Features
- Style Two Story
- Construction BrickFrameVinyl Siding
- Parking No Garage
- Basement Full
- Number of Stories 222
- Acreage 0.1636
- Water Public
- Cross Street Maynard Dr
- Property Sub Type Single Family Residence
- Garage Spaces 0
- Utilities Sewer ConnectedWater Connected
- Listing Conditions Standard
Interior Features
- Heating GasForced Air
- Appliances Gas CooktopGas Water HeaterMicrowaveRefrigeratorWasher
- Flooring HardwoodLaminateVaries
- Interior Living Dining RoomBedroomon Main Level
- Fireplaces 0
- Laundry Features In Basement
- Fireplace No
Exterior Features
- Roof Asphalt
- Waterfront Property No
- Exterior Concrete Driveway
- Road Frontage City Street
Community Features
- Township Not Applicable
- MLS Area Amherst-142289