High-Yield Investment Property for Sale: 58 Park in Allentown, Buffalo with Proven Rental Success

The Giambra Team is thrilled to introduce 58 Park, a premier investment opportunity located in Buffalo’s most eclectic and vibrant neighborhood—Allentown. Just a stone's throw from downtown Buffalo and mere blocks from the Buffalo Niagara Medical Corridor, this property sits in the heart of a bustling entertainment district that perfectly blends historic charm with modern convenience.

A Renovation Masterpiece

Completely renovated in 2018, 58 Park offers a comprehensive update from the roof to the basement, including every mechanical, plumbing, and electrical system. This meticulous renovation ensures that every detail of the property meets today’s high standards for comfort and efficiency. Each of the four units—two 2-bedroom and two 1-bedroom apartments—boasts individual gas, electric, hot water, heating, and air conditioning systems, as well as dedicated parking spaces.

Elegant Features and Modern Comforts

The apartments at 58 Park are designed to impress with their tall ceilings, recessed lighting, and luxurious stone countertops. The warm allure of hardwood floors, combined with new solid wood windows, enhances the property’s aesthetic appeal. Residents will appreciate the private outdoor spaces, whether it’s a patio, deck, or balcony, offering a perfect retreat for relaxation or entertainment.

An Established Short-Term Rental Gem

As one of Buffalo’s pioneering AirBnB properties, 58 Park has a proven track record of success. Over the past four years, it has accumulated over 750 reviews, earning an impressive 4.5-star overall rating and 50% of its reviews being 5-star. The property generated substantial gross income, with figures of $96,047 in 2021, $97,722 in 2022, and $94,597 in 2023. Year-to-date bookings already show $43,315 in earnings.

This success underscores the property’s potential for continued growth, particularly with the added benefit of including all furnishings, fixtures, and equipment (FF&E) with the sale. With a little extra attention to detail and enhanced listing platform exposure, the revenue potential for this short-term rental could rise significantly.

A Prime Location for Diverse Opportunities

The Allentown neighborhood is celebrated for its rich cultural tapestry and walkability, offering residents and guests easy access to a variety of dining, entertainment, and cultural experiences. Its proximity to downtown Buffalo and key medical facilities adds to its appeal, making it a coveted location for both long-term and short-term stays.

If you’re interested in learning more about 58 Park and seizing this exceptional investment opportunity, please contact Giambra Team director of sales Ryan Burke at ryan@giambrateam.com or 716.572.2848.