Charming Multi-Family Investment Property for Sale at 52 Locust St.

If you're looking for a prime investment opportunity or a chance to embrace the house hacking lifestyle, 52 Locust St in Buffalo is a must see. Located in a rapidly growing neighborhood close to downtown, Roswell Park, and the University at Buffalo Medical Campus, this multi-family property offers flexibility, income potential, and all the convenience you could ask for.

Property Overview

This versatile property features five units in total:

• Front House: Four units, charming upper and lower front porches.
• Back House: One private unit, perfect for an owner-occupier seeking a little extra privacy or for an additional rental income stream.

High Return on Investment

The property boasts an 8% cap rate when fully occupied, making it an attractive investment opportunity. Whether you're a seasoned investor looking to add to your portfolio or a first-time buyer interested in living in one unit while renting out the others (house hacking), this property offers excellent cash flow potential.

Perfect for House Hacking or Full Investment

For those unfamiliar with house hacking, it's a strategy where you live in one unit and rent out the others to cover the majority—or even all—of your mortgage payments. 52 Locust St is a perfect candidate for this, with four rental units in the front house to provide consistent income and a back unit that can serve as your own residence. It’s a win-win for someone looking to dip their toes into real estate investing while keeping personal housing costs low.

Prime Location

Location is everything, and this property doesn’t disappoint. Situated just minutes from downtown Buffalo, you'll have easy access to:

• Roswell Park Comprehensive Cancer Center
• UB Medical Campus
• Buffalo's vibrant downtown scene, including restaurants, shops, and cultural attractions.

This central location is not only ideal for tenants working or studying at these institutions but also enhances the property's appreciation potential over time.

Why 52 Locust St?

• Multi-family layout: Versatile configuration with options for investors or owner-occupiers.
• Proven returns: Solid 8% cap rate when fully rented.
• Low maintenance: Newer mechanics and roof
• Prime location: Close proximity to the medical corridor and downtown Buffalo.
• Charming features: Lovely front porches add to the home's curb appeal and tenant satisfaction.

Whether you're looking to build your investment portfolio or offset your housing expenses through house hacking, 52 Locust St offers the potential to achieve both goals. This is a rare opportunity to invest in Buffalo’s growing real estate market while enjoying the benefits of homeownership.