Description
Beautiful historic property on leafy Linwood Avenue. 1 block from the Buffalo Niagara Medical Campus, Allentown, and stately Delaware Avenue. Property features a huge 4 bedroom, 3 bath "owner's unit" spanning the 2nd & 3rd floor, along with (2) 1 bedroom apartments on the 1st floor positioned to pull in strong passive income. Partial renovation work has been completed on large "owner's unit" providing the opportunity to take over and tailor the space to your style. Deep lot/yard with paved parking area. (3) brand new boilers. Property is a contributing structure in a Local Certified Historic District, enabling a new owner-occupant to take advantage of the NYS Homeowner Historic Tax Credit (20% of renovation costs) OR an investor to take advantage of the refundable NYS Commercial Historic Tax Credit (30% renovation costs) & Federal Historic Tax Credit (20% of renovation costs). Very unique opportunity in an outstanding location.
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6BEDS
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0.2ACRES
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5BATHS
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01/2 BATHS
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4,110SQFT
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$120$/SQFT
Description
Beautiful historic property on leafy Linwood Avenue. 1 block from the Buffalo Niagara Medical Campus, Allentown, and stately Delaware Avenue. Property features a huge 4 bedroom, 3 bath "owner's unit" spanning the 2nd & 3rd floor, along with (2) 1 bedroom apartments on the 1st floor positioned to pull in strong passive income. Partial renovation work has been completed on large "owner's unit" providing the opportunity to take over and tailor the space to your style. Deep lot/yard with paved parking area. (3) brand new boilers. Property is a contributing structure in a Local Certified Historic District, enabling a new owner-occupant to take advantage of the NYS Homeowner Historic Tax Credit (20% of renovation costs) OR an investor to take advantage of the refundable NYS Commercial Historic Tax Credit (30% renovation costs) & Federal Historic Tax Credit (20% of renovation costs). Very unique opportunity in an outstanding location.
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Listing information © 2024 CNYIS, GENRIS, WNYREIS. Listing provided by Matthew Hartrich of Schneider Real Estate Services LLC : matth@schneiderservices.com.