Buffalo Investment Properties, in Western New York, offers one of the steadiest and most reliable property markets in the USA. Known as 'The City of Good Neighbours', Buffalo has a strong, consistent rental market, with steady growth. Buffalo was named number two in RealtyTrac’s top ten for investing and buying. New York’s Governor Andrew M. Cuomo has committed an historic $1 billion investment in the Buffalo economy, to create thousands of jobs and spur investment and economic activity to create a solid foundation for future generations.
The Buffalo property investment
We specialise in fully-refurbished, single and multi-family homes in select neighbourhoods in Buffalo. All properties offered are fully-refurbished to a high standard, including roofs, floors, boilers, kitchens and bathrooms; and come with a six month maintenance warranty. Prices range from $40,000 to $60,000 and they offer yields of 14% to 18% net. Our Buffalo properties and tenanted and managed, with carefully screened tenants placed by our partner's management department. Typically tenants will have signed a new, one year lease and paid a security deposit which is transferred to the investor at the point of sale.
About our Buffalo partner
We work with one, reliable and consistent partner in Buffalo who is local to the area and has been a hands-on expert in the local market for over a decade.The team has bought, refurbished, rented and sold over 800 properties. Our partner says: “The Buffalo rental market is one of the strongest in the US. Average rental time is less than 30 days from start to finish. Our rehab process is more than you would typically see from most developers. If we perceive any possible issues arising from structure or mechanics over a five year period, we will replace the structure or mechanics during our refurb process as standard, ensuring the work stands the test of time.”
What the experts say
“The strategies presented by the Western New York Regional Economic Development Council (WNYREDC) make smart decisions to drive billions more in public and private sector investment to Western New York. New York State is helping Buffalo realise immediate economic growth that puts our neighbours back to work now, while setting the foundation for sustainable economic opportunity for future generations. I am proud of the commitment from WNYREDC that will help breathe new life into Western New York and show business that New York is serious about revitalising, rebuilding and remaking the Buffalo economy.”Governor Cuomo.
“Buffalo is different from the rest of the country. We have a very stable market. The Buffalo market is incredibly brisk, incredibly strong – especially in the urban areas. I am having houses sell over the asking price in one day.”Susan Lenahan, estate agent.