723 Kensington Avenue, Buffalo, NY 14215

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Property Description

723 Kensington Ave in the 14215 presents a rare opportunity for both investors & owner-occupants to secure a property with immediate income, long-term upside, & exceptional value. This solid 3/3 double offers the perfect combination of stability & future growth, featuring a long-term lower tenant of more than 20 years who pays $550 per month plus utilities. While providing reliable income from day one, the current rent is well below today's market rates for a three-bedroom apartment, creating a clear value-add opportunity for investors seeking increased cash flow & stronger returns over time. For owner-occupants, this property offers an ideal house-hacking opportunity. Live comfortably in the bright & spacious upper unit while rental income from the lower apartment helps offset a significant portion of your monthly mortgage payment. It's an excellent way to build equity while enjoying the benefits of homeownership at a reduced cost. The home itself is loaded with desirable features, including separate utilities, high ceilings, updated windows in the upper unit, a full basement w/ laundry hookup for each apartment, & a walk-up attic that offers tremendous potential for additional storage, or future improvements. Outside, the large front porch provides a welcoming space to relax, while the rare off-street parking for three or more vehicles adds convenience & value! Situated near the Kensington & Bailey Avenue corridors, the property offers easy access to shopping, dining, public transportation, schools, & everyday conveniences. It's just minutes from major employers & institutions, including ECMC, & Buffalo Niagara International Airport, helping support strong rental demand & long-term investment potential. Buffalo's affordable housing market, steady population growth, & continued investment throughout the city have made multi-family properties like this increasingly attractive. Whether you're looking to add a cash-flowing asset to your portfolio, generate wealth through rental income, or purchase a home that helps pay for itself, this delivers. Immediate income, significant upside potential, desirable property features, & a convenient location, Here's YOUR VAULE!

723 Kensington Avenue | MLS# B1691061

This multi-family property located at 723 Kensington Avenue, Buffalo, NY 14215 is currently listed for sale with an asking price of $174,999. Kensington Avenue is located within the Buffalo school district. Search Buffalo real estate on www.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, ForcedAir
Home Style: Duplex
Lot Size: 0.13 Acres
Roof Type: Asphalt
Stories: 3.0
Taxes: $2,149
Year Built: 1915

Amenities

Balcony

Feature Descriptions

Appliances: GasWaterHeater
Exterior: CompositeSiding, CopperPlumbing, PexPlumbing
Flooring: Carpet, Laminate, Tile, Varies
Lot: NearPublicTransit, Rectangular, RectangularLot
Lot Dimensions: 41X138
Parcel#: 140200-090-460-0006-004-000
Parking: Gravel, Paved, TwoOrMoreSpaces
Parking Notes: Gravel, Paved, TwoOrMoreSpaces
Patio/Porch: Balcony
Sewer: Connected
Units: 2
Utilities: SewerConnected, WaterConnected
Water: Connected, Public

Local Schools

School District: Buffalo

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Estimated Payment

$ 619.60 per month $389.47 Principal & Interest $179.08 Property Tax $51.04 Homeowner's Insurance

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(Payments are an estimate and may vary by lender)

Demographics

Listed By / Shown By

Listing By

Agency Name: Howard Hanna WNY Inc.
Agency Contact: 716-416-4663

Shown By

Agency Title: Coldwell Banker Prime Properties
Agency Phone: 866-323-CBPP

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