Rhode Island House in Buffalo’s up-and-coming ‘five points’ neighbourhood is a great long term buy. With low taxes the house has recently been rehabbed to rental standard and is rented for market rent.($1300 and $850 per month, total of $2150 per month) Seller has agreed to put a new roof on the house prior to closing too. A long-term investor here could ride the gentrification wave, and hold onto this one for a few years, then upgrade the house to owner-occupier level and sell for full price.
