.svg)
40 Spann Street , Buffalo, NY 14206
40 Spann Street, Buffalo, NY 14206
2083
sq ft
4
beds
2
baths
Incredible Investment Opportunity in Buffalo's Kaisertown Neighborhood
40 Spann Street, Buffalo, NY 14206 - $50,000
Are you ready to unlock extraordinary value in one of Buffalo's most affordable neighborhoods? This single-family home at 40 Spann Street presents an unmatched opportunity for both savvy investors and hands-on homeowners looking to create their dream property.
Prime Location Next to Houghton Park & The Yard Ice Cream
Location truly is everything, and this property delivers in spades. Situated directly next door to Houghton Park, commonly referred as the "jewel of Kaisertown" and directly across the street from The Yard Ice Cream, you'll enjoy immediate access to amenities and charming neighborhood character that most homeowners can only dream of having in their backyard.
The Yard Ice Cream is a heartwarming testament to community spirit, a family-owned shop lovingly transformed from an old garage by lifelong neighborhood residents who dreamed of creating a gathering place for sweet treats and community connection. This cozy, handcrafted shop represents the authentic charm and tight-knit community feel that makes Kaisertown so special.
Houghton Park offers an impressive array of recreational facilities including:
- Refreshing splash pad and swimming pool
- Scenic walking trails
- Modern playground facilities
- Basketball and tennis courts
- Baseball diamonds and hockey rink
- Rentable pavilion huts perfect for family gatherings and celebrations
Solid Foundation, Endless Potential
This nearly 2,100 square foot home boasts excellent bones with key structural updates already completed. The property features:
- Newer tear-off roof ensuring years of worry-free protection
- Maintenance-free vinyl and aluminum siding for lasting curb appeal
- Concrete driveway with off-street parking – a valuable commodity in urban Buffalo
- Spacious floor plan offering flexibility for any renovation vision
Exceptional Investment Opportunity
At the asking price of $50,000, this property represents incredible value in today's market. Consider this: a comparable single-family home at 223 Weimar Street sold for $260,000 in November 2024, demonstrating the tremendous potential return on investment.
For Investors: This is a prime BRRRR opportunity (Buy, Renovate, Rent, Refinance). With Buffalo's strong rental market and the property's proximity to Houghton Park, you can expect excellent rental demand and appreciation potential. After renovation market rate rental pricing is $1,800+
For Owner-Occupants: If you're ready to roll up your sleeves, this is your chance to design and create a custom home in an established neighborhood at a fraction of typical costs. Every dollar invested in renovation will build substantial equity.
The Kaisertown Advantage
Kaisertown has emerged as one of Buffalo's most sought-after neighborhoods, offering:
- Strong community pride and involvement
- Established infrastructure and city services
- Growing property values
- Family-friendly atmosphere
- Easy access to downtown Buffalo and major highways
Ready to Make Your Move?
Whether you're an experienced investor looking for your next profitable project or a future homeowner ready to create something special, 40 Spann Street offers the perfect combination of location, potential, and value.
This type of opportunity doesn't come around often in today's competitive market. With comparable sales reaching $260,000 and this property priced at just $50,000, the math speaks for itself.
Don't let someone else capture this incredible value. Contact us today to schedule your showing and start envisioning the possibilities at 40 Spann Street.
Ready to learn more? Contact Nicholas Giambra at 716-239-6432 to discuss this exceptional opportunity and arrange your private showing today.
