For those of you looking to jump into the investment property game, consider this duplex in Lancaster (Depew, actually). This is on a street that is almost all multi-family homes. It is a couple of blocks in from Transit road and would be a great purchase for someone looking to get out of a rental.
At $94,900 this property is priced to move. In fact, if you live in one unit and rent out the other, you could cut your monthly living expenses down to just a few hundred per month. Take a look for yourself before it is gone:
We will be starting a new project in about two weeks. It is a home located in a great neighborhood within the Village of Lancaster. The location is fantastic, the house…. not so much. When buying a home to fix, that is what you want… The worst house on the best street.
This home is located in the Village of Lancaster (off Broadway) and is on a street that includes a mix of home styles. There are even a number of older 2 family homes. Our property was built in 1889 and that will have some challenges. There will be some interesting issues to address with a home that was built in 1889. The oldest property that I have worked on was about 1920.
This was a 2 family home until the prior owner got tired of tenants above him and closed off the upper unit. He pulled the kitchen and had it reassessed as a single family home. We are going to do a full conversion to a single family. This will provide some challenges, but I think we will be able to pull off a modern floor plan with some big changes. We are going to combine the current kitchen with a lower bedroom to provide a modern “open” design. After the redesign, we will end up with a 4BR (3up, 1 down), 2 Bathroom home with a modern eat in kitchen. There are 8 1/2′ ceilings on the first floor and this will compliment the open design.
There are a NUMBER of large issues with this renovation, not the least of which is the foundation work that is needed. This will be a big project, but I feel that we will be working with a great contractor who can get things done quickly and properly. They worked on our office renovation and we couldn’t have been more pleased with the work that was done there. They have a motto “We Show up, Finish Up, Clean Up and Don’t Screw Up”
There are a couple of major repairs needed before we can even get started making this property look nice. There is foundation work required and roof work required. There is water leaking now and that needs to be addressed right away. The foundation is a rubble style foundation and needs to be shored up prior to any major work.
Check back for more as we get into this project. We’ll include some pictures and video as we go along.[/fusion_builder_column][/fusion_builder_row][/fusion_builder_container]
If you have ever searched for commercial real estate in Buffalo, NY or any suburb such as Amherst or Lancaster, you have probably found that searching for commercial real estate is far behind the ease of searching for residential real estate. In the Buffalo/Niagara area, you can do a simple search on the Buffalo Niagara MLS to find most properties in the region.
However, commercial real estate listings aren’t as easy. There is a commercial search at the Buffalo Niagara Homes site, but there is a great deal of commercial property that isn’t listed in that database. I am not sure of the reason why, but I am assuming that it has something to do with the cost to list (just a guess). To make your WNY commercial real estate search easier, I have compiled a list of local web sites where you can find listings. You will see some overlap here, but if you are looking hard, and don’t want to hit the roads just yet, this list should help you.
Some of the sites below will link you to Loopnet. You will be able to view all of the broker’s listings without having to pay the membership fee.
Commercial Real Estate Search (In no particular order)
A paid option is to search via LoopNet. You will be able to view a limited recordset with a free membership. The paid membership isn’t cheap, but you can subscribe for a short period. If you do end up locating a property, you will consider the cost as a pretty nominal expense.
If you are a commercial real estate broker in the Buffalo area, contact me to request your free listing on this site. You can contact me by adding a comment using the form below. I will add your web site to this page.
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