Two apartments, both located @ 26 Huntington Ave in Buffalo. Both include gas, electric, water, gas in a FiOS enabled house.
2 BR / 1 Bath w/ Off Street - $1,200/mo: http://buffalo.craigslist.org/apa/5499804320.html - see the ad for more specs.
Additionally, there’s another 2 BR / 1 Bath without off street parking available which I will have pictures for in the near future. That one’s $1,000/mo and still includes utilities, etc.
Cool area and you can walk to Dr. Bird :tup:
Added bonus that you’ll be able to hear @newman cruise by on a regular basis.
@91MR2 and I were just talking rent prices yesterday. I think there are quite a few landlords on here now.
For sure. Rents have skyrocketed - my ask is pretty high but the apartments are quite nice, plus include utilities. It’s nuts to see the Elmwood Village rents lately in comparison.
How do you get fios in the city, is it starting to become available?
It’s been available on that side of parkside for a long time. I used to live on huntington, off street parking was never an issue either.
No kidding man…I have some possible vacancies coming up (leases ending, tenants trying to buy homes), and it amazes me how much rents have changed since these folks moved into my places just a couple years ago…
Oh I wasn’t implying that it’s high, I’m actually higher, lol. But yeah rent all over the city is rising.
Also @Josh if you haven’t seen this yet: www.cozy.co - I’ve been using it for a few years now.
nice place Josh
ill have to check out cozy. thanks onyx
Beautiful house
Saw a thread in the homes forum about cozy.co, got myself signed up. Thanks for the info!
Got interest on the the cheaper 2br thus far without even advertising it, but the more expensive 2br is still open and available. Probably the worst time of the year + month to list an apartment (mid to late month, still cold outside), plus I think people in Buffalo are still getting sticker shock on rent prices. We’ll see!
Thank you sir!
+1 Neither of my rentals have that much character. Also your rent is on par with what I get for a renovated 2br right near Hertel. IMO yours is a little nicer even and I don’t include electric/gas.
Good info! Thanks! Hopefully I can get some more interest on the more expensive unit at the start of the month. It’s a good investment either way even if I get slightly less than my ask price - especially compared to the stock market, etc - but I think the ask is fair market rate.
Got the other one listed @ http://buffalo.craigslist.org/apa/5515549345.html
It’s a little shittier, but cheaper and thus tons of interest thus far. Tossing it out there if anyone is interested.
Nice place for sure, but man I am sooooooo glad to not be paying rent any more.
I agree. Rents are crazy compared to what they used to be.
Just wondering, why do you include gas and electric. I feel like people will abuse the hell out of them if they “think its free” @Josh
House was formerly a single family that was properly/legally converted to a 3 unit so there is a single gas meter/electric panel. That said, the heat is controlled by a locked thermostat that can be set only by me. The electric is another story, but if you build the expectation of the expense into the rent, it’s fine in my opinion. If the electric bills go up to the point where I am not profiting at the level I should be profiting, the rent can always be adjusted accordingly going forward.
While important to be “aware” of what people might do, be careful to not always assume the worst in them - especially when they are paying upwards of $1,000+/month in rent…
I will say this with caution, as bad tenants come in all shapes and sizes…however, “typically” when people are paying those kinds of rents, you get tenants that are more aware and respectful of their environment…they are paying a “premium” rent at will, so odds are they are not going to jack the heat up and then laugh like a Bond villain in the background…
Again, this is not always the case, but has been my experience over the last few years of getting into this business…
Edit: Also, Josh, keep us posted on the progress here - for fellow landlords on the site, this helps give a better understanding of the current market rates…
True…I guess I just remember the days when my friends would rent (early to mid 20s) and they would leave the heat on but open the windows in the winter. I asked why would they be wasting all the heat and their response was. I like fresh air, but its cold so we keep the heat on, and its “free”
My guess is they weren’t paying over a grand a month for a 2 BR…nor did they seem to give a shit about waste of any kind…