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107 Ullman Street , Buffalo, NY 14207
107 Ullman Street, Buffalo, NY 14207
1258
sq ft
4
beds
2
baths
107 Ullman Street, Buffalo NY 14207
Riverside/Black Rock | Offered at $50,000-----Executive Summary: The Opportunity
This property is your $50,000 key to building instant equity in one of Buffalo's most promising areas. While renovated comparables in the Riverside/Black Rock neighborhood are selling for over $260,000+, this home is priced to create massive equity potential for a buyer with vision and sweat equity. At $50,000, you are not just buying a house, you’re buying opportunity.
Property Fundamentals
- Type & Size: 1,258 square foot single-family home.
- Layout: 4 bedrooms, 2 bathrooms (per tax records).
- Foundation: Full basement, perfect for storage or future finishing.
- Construction: Built in 1927.
- Parking: Includes off-street parking.
Major Systems & Recent Updates
The seller has invested in and maintained the major systems, significantly de-risking the renovation project:
- Roof: 1-year-old tear-off roof.
- Hot Water Tank: 1-year-old hot water tank, installed and ready.
- Furnace: 4-year-old furnace, providing reliable heat.
- Plumbing: Mostly copper plumbing supply lines.
- Safety: Lead abatement program completed in 2017 (documentation available). The Seller previously initiated investment of $25,000–$30,000 in lead-safe work.
Investment & Neighborhood Advantage
The property is situated in the high-demand Riverside/Black Rock neighborhood, which is a desirable area for first-generation homebuyers and their families.
- Neighborhood Vitals: Safe, family-friendly environment with strong neighborhood pride, convenient city location, and proven appreciation due to ongoing community development.
- Owner-Occupant Potential: Purchase for $50,000, renovate, and own a home worth $200,000+. Programs are available for first-time homebuyers and renovation financing.
- Investor Potential: Acquire at $50,000, invest in smart renovations, and either hold for market rents reaching $1,500–$1,800 or sell for significant profit (recent comps closing at $260,000+).
Condition & Seller’s Intent
- Condition: The home needs renovation and is being sold as-is. It represents a project opportunity, but the structural heavy lifting on major systems has been completed.
- Seller's Reason for Selling: This is a strategic exit by a successful real estate investor. The seller is retiring from property management after 24 years, simplifying their portfolio, and relocating out of state. This is not a distressed sale. The seller's decade-long hold on the property (purchased in 2015 for $27,500) proves the model works for appreciation and wealth building.
Call to Action & Important Information
This property is priced at $50,000 to sell quickly and create a competitive environment, especially since there are only three single-family homes in the 14207 zip code available under $100,000.
- Cash offers preferred, but financing options available.
- Proof of funds required with all offers.
- Professional home inspection recommended.
- Survey from 2015 and lead abatement documentation available upon request.
Contact the Giambra Team today to schedule your private showing.
$50,000
Deadline
