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!