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Joe Andriatch

joe@evolve716.com +1(716) 465-8063

$1,050,000

Est. payment - /mo

7,074 SqFt

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 7,074 sqft

Price per Sqft $148

MLS Listing ID B1721960

Construction Status Existing

HOA Y/N No

Year Built 1930

Annual Tax Amount $10,525

Lot Size 4,199 Sqft

Acres 0.0964

Lot Dimensions 30X140

Property Sub-Type Mixed Use

Property Description

Fully leased seven-unit mixed-use building in the heart of the Elmwood Village, steps off Elmwood Avenue's shops, cafes and restaurants. Gut-renovated in 2022 into six modern apartments (three 1BR/1BA and three 2BR/1BA) over a ground-floor storefront leased to an art studio and gallery through 7/31/2027. Apartments feature hardwood floors, recessed lighting, updated kitchens with stainless appliances and tiled baths. Scheduled rent is $9,900/month ($118,800/year), and the apartments average $1,400 in place, below prevailing Elmwood Village rents, so there is upside as units turn. Separate gas and electric meters, tenants pay their own; the owner pays only water and sewer. Three stories on a 30 x 140 lot with a municipal parking lot next door. Turnkey income in one of Buffalo's most in-demand rental neighborhoods. Rent roll and operating statement available to qualified buyers. Tenant occupied: showings by appointment only with 24-hour notice.

Location

State NY

County Erie

Area Buffalo City-140200

Zoning N-2C

Direction Elmwood Avenue to Bryant Street.

Interior

Heating Gas, Individual, Separate Meters, Forced Air

Cooling Separate Meters, 1 Unit

Flooring Hardwood, Varies

Inclusions Land and Building

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Flat,Shingle

Building

Lot Description Rectangular, Rectangular Lot

Story 3

Sewer Public Sewer

Water Public

Structure Type Frame

Construction Status Existing

Schools

School District Buffalo

Others

Tax ID 140200-100-450-0004-012-000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Red Door Real Estate WNY LLC 716-803-2019

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Joe Andriatch

+1(716) 465-8063

Broker License ID: 10311209306

291 Bryant ST Buffalo, NY 14222

Joe Andriatch

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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