Steal or a Money Pit? HUGE Buffalo House Tour

Queen City Buyers just acquired a massive three-unit property in Buffalo, New York—and the purchase price was under $100,000. The main house is a large Buffalo double measuring nearly 3,000 square feet, and the property also includes a separate rear house, a double lot, off-street parking and a concrete parking area. During this complete property walkthrough, Matt and Dan uncover blown roof shingles, water damage from a leaking radiator, missing bathroom sinks, an outdated heating system and signs of mice. They also find plenty worth saving, including original woodwork, built-ins, hardwood floors, spacious bedrooms and a tall attic with additional possibilities. Was this Buffalo investment property a great purchase, or will the repairs turn it into a money pit? The team also discusses several possible exit strategies: Rehabilitate the property and sell it Keep all three units as rental properties Sell it as-is to another real estate investor Create an owner-occupied property with rental income They estimate that the three units could potentially generate approximately $3,000 to $4,000 per month after the necessary work is completed. Do you think Queen City Buyers should renovate this property, keep it as a rental or sell it as-is? Let us know in the comments. Need to sell a house in Buffalo or Western New York? Request a cash offer: https://queencitybuyers.com/get-a-cas... Learn more about Queen City Buyers: https://queencitybuyers.com/ Call Queen City Buyers: 716-303-6000 CHAPTERS 00:00 Queen City Buyers’ newest acquisition 00:07 A massive three-unit Buffalo property 00:39 Roof problems already? 01:03 First-floor walkthrough 01:38 Water damage and heating issues 02:27 Bathroom and original woodwork 03:16 The abandoned mattress 03:32 Original doors and Buffalo character 04:31 Old radiators and neighborhood views 05:20 Touring the second unit 06:40 Huge attic and heating possibilities 07:40 Basement inspection 08:50 Heading to the rear house 09:02 Purchase price and deal breakdown 09:54 Rental income and exit strategies 11:04 Rear house walkthrough 17:54 Renovate it or sell it as-is? Repair costs, rental income and property values discussed in this video are estimates and may change based on final inspections, market conditions and completed work. #BuffaloRealEstate #HouseTour #RealEstateInvesting