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28720332
28720339

1096 Elmwood Ave, Buffalo, NY 14222

AH
NY 10311203496, NY 10301218237
HUNT Commercial
Listed by HUNT Commercial
$1,399,000
187 days on market
Updated 65 days ago

1096-1098 Elmwood Ave

Details
Property Type Multifamily, Retail
Sub Type Apartment Building, Restaurant
Square Footage 4,841
Units 6
Price per SqFt $289
Class A
Year Built 1915
Buildings 2
Stories 2

Multifamily | 6 Units | $233,167/unit

Marketing description

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


Listing Contacts

AH
NY 10311203496, NY 10301218237
HUNT Commercial
Listed by HUNT Commercial

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