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Updated almost 9 years ago,
Cherry street, Buffalo
Hey buffalo investors, I'm brand new in the real estate business and am choosing my brokerage next week to start my career as a real estate agent, hoping to buy an income property sometime in the next few years.
The reason I write today is because a coworker (current job; not real estate) asked me about how much her house would be worth, and if an investor would be interested.
The house is on spring street between Broadway and genesee. It's a two family, 3 bed up and down on a triple lot. From what she is saying the inside would need to be torn out because the house is old and there is almost no insulation. New heater, 8 year old roof.
I have ZERO knowledge of this area, if it's desirable/can be rented out at all. I know it's not the best part of the city but at the same time is very close to the soon to be opening UB medical building. Could anyone help me out and let me know what you see in a building like this as an investor and what I SHOULD be hearing?
I'd like to reiterate I am in no way considering purchasing this property as I don't have the expertise to even understand the market in the area but would simply like to know more. Thanks!