400 Elmwood Avenue presents a rare opportunity to acquire a 66-unit mixed-use asset in the heart of Buffalo’s highly desirable Elmwood Village neighborhood. The property comprises 64 residential apartment units and two fully occupied ground-floor retail spaces, currently leased to a hair salon and a tattoo studio, providing a stable and diversified income stream. This building consists of 58 one bedroom apartments and 6 two bedrooms. 55 of the 64 residential units have been renovated. The other 9 units are "classic" or not remolded. Additional revenue is generated through an on-site laundry facility featuring six washers and six dryers. The laundry equipment is professionally managed and maintained by Hercules Corporation, minimizing ownership responsibilities while delivering consistent ancillary income. Ownership has made significant capital investments in the property and continues to enhance its long-term value through ongoing improvements. Since purchasing the property in 2012, they have spent over $2.2 Million dollars in improvements and repairs. In addition, ownership has completed extensive repairs to the building’s exterior walls and concrete infrastructure, representing an investment of approximately $142,000. Further improvements include comprehensive sewer line maintenance and plumbing repairs, including line jetting and necessary system repairs, totaling approximately $35,000. These capital improvements demonstrate a strong commitment to proactive asset management and help minimize future deferred maintenance requirements.