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58 Gresham Drive, Amherst, NY 14226

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For Sale
Sale Pending

$239,900

5 beds • 2 baths • 1,504 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $159.51
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Presenting a lucrative investment opportunity in a highly sought-after area of Amherst, close to the University at Buffalo South Campus. This single-family house is currently set up as student accommodation, featuring five bedrooms and two full bathrooms, making it an ideal choice for investors looking to tap into the student rental market. The property boasts a spacious layout conducive to shared living, with large communal areas that ensure comfort for all occupants. Currently, the property has the potential to generate close to $3,000 per month in rental income, ensuring a robust return on investment from day one. The constant demand from students guarantees high occupancy rates, making this a worry-free investment. For those looking to enter the investment market, this property offers a fantastic opportunity with great positive cash flow. It is not just a house, but a steady income stream and a foothold in the thriving rental market near a major university. Don t miss out on this exceptional opportunity to own a prime piece of real estate with significant income potential in Amherst.
MLS# B1533074

Courtesy Of Keller Williams Realty Buffalo Northtowns

(716) 832-3300

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Cooktop - Gas, Microwave, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Brick, Vinyl Siding
  • Floor Covering
    Hardwood, Laminate
  • Heating Fuel
    Natural Gas
  • Heating System
    Forced Air
  • Lot Size
    0.16 Acres
  • Roof Type
    Asphalt
  • Rooms
    Bedroom, Full Bath

Map and Directions

Directions to 58 Gresham Drive, Amherst, NY 14226

Home seller CENTURY 21 North East

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CENTURY 21 North East

(800) 844-7653
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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