1096 Elmwood Ave - Apartments FOR SALE


Buffalo, NY 14222- Forest
$1,399,000 USD
716-481-3325
1096 Elmwood Ave, Buffalo, NY for Sale
$1,399,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

1096 Elmwood Ave
Buffalo, NY 14222
Forest


HIGHLIGHTS

  • Dependable, cash flowing mixed use 6 unit property in the Elmwood Village

OVERVIEW

Two-Building Mixed-Use Investment in the Elmwood Village FOR SALE Two solid commercial/apartment buildings for a total of six units located in one of the city’s best walkable neighborhoods near popular shops, bars, restaurants and SUNY Buffalo State University. • Front building consists of a well established fast food, sit down restaurant along with two 4-bedroom apartments and a 2-bedroom apartment. • Rear building has two 2-bedroom apartments along with a possible 3rd floor studio apartment/office that could be created for additional income. Building Highlights: Never a vacancy in the 12 years of ownership • 4 years remaining on restaurant lease, with 5 yr. option. Very consistent sales • Tenants pay gas & electric except for two apartments where owner pays electric • 5-7 yr old roof • Newer tankless hot water systems • Circuit breakers • Low maintenance vinyl siding • Public parking nearby • Security systems • Washer/dryers in basement • Porches and balcony in rear building overlooking courtyard • Rents under market with great upside potential!

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,167

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1096-1098 Elmwood Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1915

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

140200-089-610-0004-009-000

ASK ABOUT THIS PROPERTY

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716-481-3325

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716-481-3325

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