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
1/15
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 solid commercial/apartment buildings located in one of the city’s best walkable neighborhoods which is home to some of the city’s most popular shops, bars & restaurants. The front building consists of a well established fast food, sit down restaurant along with two - 4 bedroom apartments and a 2 bedroom apartment. The rear building has two - 2 bedroom apartments along with a possible 3rd floor studio apartment/office that could be created with a fire escape installation in order to create a 7th income producing unit. Building Highlights: Never a vacancy in the 12 years of ownership Four years +/- remaining on restaurant lease, with 5 yr option. Very consistent sales Tenants pay gas & electric except for two apartments where owner pays electric Roofs are 5-7 yrs old Newer tankless hot water systems Circuit breakers Low maintenance vinyl siding Public parking near by Security systems Washer/dryers in basement Porches & 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, Apartments

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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