Renting on a busy street in the Buffalo NY area

Rental Property Investor · Buffalo, NY · Member since 2020 · 13 posts · 4 votes

I am debating putting in an offer on a duplex on a busy street. (2 lanes each side of the street). The driveway is double wide and can fit 4 cars each side. Will it be more difficult to rent it out and will the rent have to be lower because it’s on a busy street with no off street parking? Or am I just overthinking this?

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Matthew Irish-JonesBusiness Member
Real Estate Agent · Buffalo, NY · Member since 2017 · 2k+ posts · 2k+ votes
6y
@Mike Pepperday it depends on the street and the other amenities the unit offers. If its spacious, has off st parking as mentioned and they are high quality units, you will rent it just fine. Every unit has pros and cons. If its a crap unit and on a busy street it will sit... or rent for less than you hoped for.
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Khaled Morad
Lender · Tampa, FL · Member since 2018 · 422 posts · 210 votes
6y
Matt’s spot on but I’d add depends on your tenant pool/type. If families they might not like the busy street. If younger people like students, they usually won’t mind.
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Mike PepperdayPro Member
OP
Rental Property Investor · Buffalo, NY · Member since 2020 · 13 posts · 4 votes
6y
Update: For as much as I really liked the property and it has a lot of potential, I did not put an offer on it. The asking price was WAY to high for the area and for how much work it needed it wasn’t worth it for $200k. Also, someone put in a blind offer for the asking price. Good luck to the person who bought that! No thanks!
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