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.
This versatile property features five units in total:
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.
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.
Location is everything, and this property doesn’t disappoint. Situated just minutes from downtown Buffalo, you'll have easy access to:
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.
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.